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Buffalo Store uses a perpetual inventory system

Accounting

Buffalo Store uses a perpetual inventory system. Last year they reported the following results Sales Sales returns Sales discounts Gross profit margin using FIFO Gross profit margin using weighted average Operating expenses $890,000 $18.000 $44.000 27 % 28 % $188,560
Prepare comparative income statements for both cost formulas Buffalo Store Condensed Income Statements FIFO Weighted average S me here to search O i Ef

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