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ATI construction creates three types of bicycles: Mountain, Street, and Hybrid. On January 1st 2017 ATI adopted dollar-value LIFO and decided to use...
- COMPUTE ENDING INVENTORY, COST OF GOODS SOLD, AND GROSS PROFIT. (Hint: to obtain the balance of ending inventory at the current period cost, you need to find the number of unites each category in ending inventory and then use the most recent cost per unit).