Solved: Winnebago industries inc is a leading manufacturer of motor, Accounting Basics

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Winnebago industries inc is a leading manufacturer of motor

Question - Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago Industries, Inc. reported ending inventory at August 29, 2017, of $48,338,000 under the LIFO inventory method. In the notes to its financial statements, assume Winnebago Industries, Inc. reported a LIFO reserve of $30,487,000 at August 29, 2017.

What would Winnebago Industries, Inc.'s ending inventory have been if it had used FIFO?

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Accounting Basics: Winnebago industries inc is a leading manufacturer of motor

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Accounting Basics: Winnebago industries inc is a leading manufacturer of motor

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