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This is vatho you did a paper for me last week on change in accounting principles. this was the response from the teacher . Nice efforts so far on the assignment. I am returning this assignment to you ungraded because you didn't show how you calculated inventory. I have to be able to see the calculations. Also, the amounts used for inventory changes on the journal entries are wrong. In addition, you need to compute basic and diluted EPS for the two years not just one year. Note that you must always show work.
How do you compute total cost of goods in process/finish goods inventory?
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