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Assume Synergy Company reports the following footnote in its 10K report. The company reports its inventories using the LIFO inventory costing method. Assume Synergy has

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Assume Synergy Company reports the following footnote in its 10K report. The company reports its inventories using the LIFO inventory costing method. Assume Synergy has a 35% income tax rate. As of the 2016 year-end, how much has Synergy saved in taxes by choosing LIFO over FIFO method for costing inventory

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