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Blue Company uses the LIFO method for financial reporting purposes but FIFO for internal reporting purposes. At January 1, 2017, the LIFO reserve has a credit balance of $1,129,600. At December 31, 2017, Blue's internal reports indicated that the FIFO inventory balance was $2,726,100 and for external reporting purposes the LIFO inventory balance was $1,503,000.
What is the amount of the LIFO reserve and the LIFO effect related to 2017?
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The accounting records of Westcott Company revealed the following costs: Factory utilities $ 35,000, Wages of assembly-line personnel 170,000, Customer entertainment 45,000
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question a school district gets a grant from the federal government to support programs directed at special needs
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