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Given the following data, by how much would taxable income change if FIFO is used rather than LIFO? Beginning inventory 2,500 units at $10 Purchases
Given the following data, by how much would taxable income change if FIFO is used rather than LIFO? Beginning inventory 2,500 units at $10 Purchases 5,000 units at $20 Units sold 3,000 a. decrease by $35,000 b. Increase by $35,000 O c. Decrease by $25000 d increase by $25.000
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