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Required information [The following information applies to the questions displayed below.] At the end of January of the current year, the records of Donner Company

image text in transcribed Required information [The following information applies to the questions displayed below.] At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $ unit: Between FIFO or LIFO, which method would result in the lower income tax expense? Assume a 30 percent average tax rate. (Round our answer to 2 decimal places.) Answer is complete but not entirely correct

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