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Exercise 4-14 (Part Level Submission) Ayayai Company began operations in 2015 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2017, in accordance with
Exercise 4-14 (Part Level Submission) Ayayai Company began operations in 2015 and for simplicity reasons, adopted weighted-average pricing for inventory. In 2017, in accordance with other companies in its industry Ayayai changed its inventory pricing to FIFO. The pretax income data is reported below Year Weighted-Average 2015 2016 2017 $388,400 406,900 423,900 $407,400 422,100 468,700 ? (a) What is Ayayai's net income in 2017? Assume a 35% tax rate in all years. Net Income s LINK TO TEXT
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