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Solve the tax inventory empty blocks Check my work 23 This year Amber purchased a factory to process and package landscape mulch. Approximately 20 percent
Solve the tax inventory empty blocks
Check my work 23 This year Amber purchased a factory to process and package landscape mulch. Approximately 20 percent of management time, space, and expenses are spent on this manufacturing process. At the end of the year, Amber's accountant indicated that the business had processed 10 million bags of mulch ints but only 1 million bags remained in the ending inventory. What is Amber's tax basis in her ending inventory if the UNICAP rules are used eBook to allocate indirect costs to inventory? (Assume direct costs are allocated to References inventory according to the level of ending inventory. In contrast, indirect costs are first allocated by time spent and then according to level of ending inventory.) (Leave no answers blank. Enter zero if applicable.) Costs (in thousands) Tax Inventory Material: Mulch and packaging $ 5,000 Administrative supplies 250 Salaries: Factory labor 12,000 Sales & advertising 3,500 Administration 5,200 Property taxes: Factory 4,600 Offices 2,700 Depreciation: Factory 8,000 Offices 1,500 Total $ 0Step by Step Solution
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