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MC Qu. 54 Nu Company reported the following... Nu Company reported the following pretax data for its first year of operations. Net sales 2,810 Cost

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MC Qu. 54 Nu Company reported the following... Nu Company reported the following pretax data for its first year of operations. Net sales 2,810 Cost of goods available for sale Operating expenses 2,430 740 Effective tax rate 30% Ending inventories : If LIFO is elected 910 If FIFO is elected 1,180 What is Nu's net income if it elects LIFO

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