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2. Given the following information, calculate the ending inventory and cost of goods sold for tax purposes under $263A Beginning Inventory per $263A: $5,000,000 Current

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2. Given the following information, calculate the ending inventory and cost of goods sold for tax purposes under $263A Beginning Inventory per $263A: $5,000,000 Current year $471 costs: Direct Materials $15,000,000 Direct Labor $3,000,000 Indirect Production costs $2,000,000 Current year additional $263A costs Indirect Production costs $2,000,000 Mixed Service costs $3,000,000 Ending Inventory - 5471 $4,000,000

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