Mozart inc. sells strings for pianos and other instruments. They have to provide product to...
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Mozart inc. sells strings for pianos and other instruments. They have to provide product to customers quickly, so they always have a lot of inventory in their warehouse, including at year end. Their products used to be very costly, but due to new manufacturing technology, the costs of strings has decreased each of the last three years. Mozart inc. uses LIFO costing assumptions. Relative to FIFO, the LIFO costs over the last three years have be
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