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Green Corporation uses the LIFO for external reporting purposes.The balance in the LIFO Reserve account at the end of 2007 was60,000. The balance in the same account at the end of 2008 is50,000. Green's Cost of Goods Sold account has a balance of 600,000under LIFO. What amount should Green report as Cost of Goods Soldin the 2008 under FIFO?
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