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I need the naswer ASAP On December 31 (fiscal year-end) financial statements of Collette, Inc. reported the following information (in millions) Assume corporate tax rate

I need the naswer ASAP

image text in transcribed On December 31 (fiscal year-end) financial statements of Collette, Inc. reported the following information (in millions) Assume corporate tax rate of 40%. Question: What is the cumulative amount of income tax savings that Collette generated through the end of 2022 by using LIFO instead of FIFO

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