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Tilton & Taft, a partnership, had the following inventory data: (Click the icon to view the inventory data.) Requirements 1. Tilton & Taft need to

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Tilton & Taft, a partnership, had the following inventory data: (Click the icon to view the inventory data.) Requirements 1. Tilton & Taft need to know the company's gross profit percentage and rate of inventory turnover for 2014 under (a) FIFO, and (b) LIFO 2. Which method produces a higher gross profit percentage? Inventory turnover

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