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Lakotas ending inventory is stated as follows: Item Cost Market Rakes $20,800 $19,760 Shovels 9,360 10,400 Hoes 15,600 16,640 Under the lower of cost or

Lakotas ending inventory is stated as follows: Item Cost Market Rakes $20,800 $19,760 Shovels 9,360 10,400 Hoes 15,600 16,640 Under the lower of cost or market method, what is the Federal income tax value of Lakotas inventory

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