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Part 1/2 Problem 20-3(Algo) Change in inventory costing methods; comparative income statements [LO20-2,203] ...

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Accounting

Part 1/2 Problem 20-3(Algo) Change in inventory costing methods; comparative income statements [LO20-2,203]
[The following information applies to the questions displayed below]
Shown below are net income amounts as they would be determined by Roberti Steel Company by each of three different inventory costing methods ($ in thousands).
\table[[,FIFO,\table[[Average],[Cost]],LIFO],[Pre-2023,$2,740,$2,480,$2,220
Please double check all work and answer clearly and completely! Will upvote if all parts are done accurately!
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