Lakota??s ending inventory is stated as follows: Item Cost Market Rakes $10,000 $9,500 Shovels 4,500 5,000 Hoes 7,500 8,000 Under the lower of cost or

Lakotaâ??s ending inventory is stated as follows: Item Cost Market Rakes $10,000 $9,500 Shovels 4,500 5,000 Hoes 7,500 8,000 Under the lower of cost or market method, what is the Federal income tax v 2 answers