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How much inventory ( in pounds of coffee ) did the company have at 6 / 3 0 / 2 0 1 1 and 6

How much inventory (in pounds of coffee) did the company have at 6/30/2011 and 6/30/2010? What is the approximate average cost of LIFO inventory at 6/30/11 and 6/30/10? Explain the companys year-end purchase decision in 2011. Without switching from LIFO, how much could the company have increased income before taxes in 2011? Why didnt the company do so? What did Sinclair Research mean by the claim that FARM now has a large LIFO reserve, which is beneficial during a period of declining input costs?

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