Year-end entries to update inventory accounts Omaha Corporation uses FIFO and a periodic inventory system.You have been provided with the following information relating to the company's inventory for the year ended December 2014: Instructions Record the journal entry (entries)that are required to bring Omaha's inventory accounts and cost of goods sold up to date for 2014.

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Year-end entries to update inventory accounts Omaha Corporation uses FIFO and a periodic inventory system.You have been provided with the following information relating to the company's inventory for the year ended December 2014:  Instructions Record the journal entry (entries)that are required to bring Omaha's inventory accounts and cost of goods sold up to date for 2014.

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The Answer of Year-end entries to update inventory accounts Omaha Corporation uses FIFO and a periodic inventory system.You have been provided with the following information relating to the company's inventory for the year ended December 2014:  Instructions Record the journal entry (entries)that are required to bring Omaha's inventory accounts and cost of goods sold up to date for 2014.

Year-End Entries to Update Inventory Accounts Omaha Corporation Uses FIFO