Smart Company prepared its annual financial statements dated December 31. The company reported its inventory...
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Smart Company prepared its annual financial statements dated December The company reported its inventory using the FIFO inventory costing method and failed to evaluate its net realizable value at December The preliminary income statement follows: tableCost of Goods Sold,,$ 
Smart Company prepared its annual financial statements dated December The company reported its inventory using the FIFO inventory costing method and failed to evaluate its net realizable value at December The preliminary income statement follows:
tableCost of Goods Sold,,$
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