Carpenter Corporation is a United Stated merchandising business. The corporation extensively uses scan technology in a p

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Carpenter Corporation is a United Stated merchandising business.The corporation extensively uses scan technology in a perpetualinventory system; and in the past, the corporation has valuedinventory using the LIFO cost flow assumption. CarpenterCorporation is seeking new markets outside the United States andwishes to restate its Inventory on the Financial Statements, basedon International Financial Reporting Standards. Using the followinginformation, and assuming that Carpenter Corporation will not usean average cost method of cost flows, what is the Cost ofMerchandise Sold on the restated Income Statement which will beacceptable under both US GAAP and International IFRS, for the monthended September 30?