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The January 28 (fiscal yeareng financial statementsf ColletteInc. reportedthe following information (in
millions). Year 2 Year 1 Cost of sales $1,213,918 $1,223,622 Inventories, net 468,611 437,396 LIFO reserve
3.476 3,275 If Collette had used the FIFO method of inventory costing, Year 2 inventory would h…
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