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Exercise 6-8 Deducing Changes in Inventories [ 5 Parker...

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Accounting

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Exercise 6-8 Deducing Changes in Inventories [ 5 Parker Products, Inc. is a manufacturer whose absorption costing income statement reported sales of $123 milion and a net operating loss of $18 million. According to a CVP analysis prepared for management, the company's break-even point is $115 million in sales Required: Assuming that the CVP analysis is correct, is it likely that the company's inventory level increased, decreased, or remained unchanged during the year? Ints eBook 0 Increased Re erences Decreased

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