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Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of 2 0 2 2 , the FIFO cost
Shondee Corporation uses the lower of cost or market and FIFO inventory methods. At the end of the FIFO cost of the ending inventory was $ and the market value of the inventory was $ The corporation switched to LIFO in
If required, round your answer to the nearest dollar.
As a result, how much must Shondee add to its gross income for each of the years and
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