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The Cecil-Booker Vending Company changed its method of valuing inventory from the average cost method...

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Accounting

The Cecil-Booker Vending Company changed its method of valuing inventory from the average cost method to the FIFO cost method at the beginning of 2013. At December 31, 2012, inventories were $112,000 (average cost basis) and were $116,000 a year earlier. Cecil-Booker

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