.unit 4. chapter 6. case

.unit 4. chapter 6. case - Amazon values its inventories at...

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Financial Statement Case – Chapter 6 Accounting I 1. Amazon.com merchandise inventory at December 31, 2007 was $ (303) December 31, 2006 and was $ (282) (in millions). 2. For inventories Amazon uses the FIFO method.
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Unformatted text preview: Amazon values its inventories at the lower cost or market value. 3. Amazon’s inventory purchases were $21 million during 2007....
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