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How much inventory (in pounds of coffee) did the company have at June 30, 2011, and 2010? What is the approximate average cost of LIFO
How much inventory (in pounds of coffee) did the company have at June 30, 2011, and
2010? What is the approximate average cost of LIFO inventory at June 30.2011 and
2010? Explain the company's year-end purchase decision in 2011. Without switching
from LIFO, how much could the company have increased income before taxes in 2011? Could you please explain this with the calculations in detail with the formulas used?
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