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9. Compute the Earning After Tax using both FIFO & LIFO inventory evaluation methods from the following data: (chapter 9) Revenue is assumed at

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9. Compute the Earning After Tax using both FIFO & LIFO inventory evaluation methods from the following data: (chapter 9) Revenue is assumed at 414 units that sell for $55.00 per unit Cost of sales Beginning inventory Purchase of Purchase of Purchase of Ending inventory Operating expenses Income tax rate In some cases, there may not be a gross profit. 118 units @$1.50 per unit 216units 300 units $2.00per unit $2.50 per unit 75 units @$3.00 per unit ???? units (not a mistake you must determine what the ending dollar inventory and units are) $1,325.00 20% of Gross Profit

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