{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T08:14:07-04:00", "answer_date": "2024-05-26 08:14:07", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1729942", "url": "\/study-help\/questions\/question-17-of-25-coronado-companys-inventory-records-1729942", "question_creation_date_js": "2024-05-26T08:14:07-04:00", "question_creation_date": "May 26, 2024 08:14 AM", "meta_title": "[Solved] Question 17 of 25 < > Coronado Company's | SolutionInn", "meta_description": "Answer of - Question 17 of 25 < > Coronado Company's inventory records show the following data: Units Unit Cost Inventory: January | SolutionInn", "meta_keywords": "question,17,25,<,>,coronado,company,s,inventory,records,show,data", "question_title_h1": " Question 17 of 25 < > Coronado Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10400 $9.40 Purchases: June", "question_title": " Question 17 of 25 < > Coronado Company's inventory records show", "question_title_for_js_snippet": "Question 17 of 25 Coronado Company's inventory records show the following data Units Unit Cost Inventory January 1 10400 $9 40 Purchases June 18 9100 7 00 November 8 6500 6 00 1 III A physical inventory on December 31 shows 3900 units on hand Coronado sells the units for $12 each The company has an effective tax rate of 20 Coronado uses the periodic inventory method What is the difference in taxes if LIFO rather than FIFO is used $2112 additional taxes $2772 tax savings $2772 additional taxes $2652 additional taxes", "question_description": "\"image", "transcribed_text": "Question 17 of 25 < > Coronado Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10400 $9.40 Purchases: June 18 9100 7.00 November 8 6500 6.00 -\/1 III A physical inventory on December 31 shows 3900 units on hand. Coronado sells the units for $12 each. The company has an effective tax rate of 20%. Coronado uses the periodic inventory method. What is the difference in taxes if LIFO rather than FIFO is used? $2112 additional taxes $2772 tax savings $2772 additional taxes $2652 additional taxes", "related_book": { "title": "Intermediate Accounting", "isbn": "9780470587232, 470587288, 470587237, 978-0470587287", "edition": "14th Edition", "authors": "kieso, weygandt and warfield.", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/51.jpg", "uri": "\/textbooks\/intermediate-accounting-14th-edition-51", "see_more_uri": "" }, "free_related_book": { "isbn": "1401258654", "uri": "\/textbooks\/superman-action-comics-6-superdoom-1st-edition-978-1401258658-101974", "name": "Superman Action Comics 6 Superdoom", "edition": "" }, "question_posted": "2024-05-26 08:14:07", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-heat-engine-operates-between-two-reservoirs-at-800-and", "description": "A heat engine operates between two reservoirs at 800 and 20C. 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