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Stewart Company sold 180 units @ $320 each on October 31, 2014. Cash selling and administrative expenses were $15,000. The company's income tax rate is

Stewart Company sold 180 units @ $320 each on October 31, 2014. Cash selling and administrative expenses were $15,000. The company's income tax rate is 40%. The following information is also available:

beginning inentory 30 units @180

Feb 3 purchase 60 units @190

June 2 purchase 70 units @220

Oct 1 purchase 40 units @230

a) Determine the amount of cost of goods sold using: FIFO LIFO Weighted Average

b) Determine the amount of ending inventory using: FIFO LIFO Weighted Average

c) Determine the company's net income (after income taxes) using: FIFO LIFO

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