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Here is some information about the units that Island Company has in inventory. The company uses the LIFO method. Assume that in 2020 the company

Here is some information about the units that Island Company has in inventory.

The company uses the LIFO method. Assume that in 2020 the company will sell 872 units at a price of $87 each and that new units can be purchased today for $48 each. If the tax rate is 27%, then what is the total profit due to the LIFO liquidation (relative to replacement costs)?

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