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Question
Assume you have noted the following prices for paperback books and the number of pages that each book contains.
Book Pages (x variable) Price (y variable)
A 510 $7. 50
B 624 $8.25
C 557 $7.75
D 650 $8.50
E 532 $7.65
F 600 $8.00
G 472 $6.75
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Why is the inventory accounting method chosen by a company important to the user of financial statement information?
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