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The accountant at Vaughn Manufacturing has determined that income before income taxes amounted to $11200 using the FIFO costing assumption. If the income tax rate
The accountant at Vaughn Manufacturing has determined that income before income taxes amounted to $11200 using the FIFO costing assumption. If the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
$8200 $10300 $12100 $14200
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