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Question 2. Nucor is the largest steel producer in the United States. Please consider the excerpts from Nucor's annual report for fiscal year 2014 below

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Question 2. Nucor is the largest steel producer in the United States. Please consider the excerpts from Nucor's annual report for fiscal year 2014 below and answer the following questions. If required, assume a tax rate of 33%. a) What inventory cost flow assumption(s) does Nucor use to determine the cost of inventories? (8 marks)

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