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1. MRN Corporation uses the perpetual inventory method and had the following inventory information available:...

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1. MRN Corporation uses the perpetual inventory method and had the following inventory information available: Answer the following independent questions and show computations supporting yout answers. (13 points) 1. Assume that the company uses the FIFO method, Calculate both Cost of Goods Sold and the value of the ending inventory on January 31 . (Required)

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