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Use the following information for the month of May: Assuming that a periodic inventory system is used, what is ending inventory on a FIFO basis?

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Use the following information for the month of May: Assuming that a periodic inventory system is used, what is ending inventory on a FIFO basis? Select one: a. $720 b. $680 c. $1,280 d. $1,320 The Taylor Company reported 2014 Final Net income of $600. The tax rate is 20% The total income tax expense for 2014 is: Select one: a. $200 b. $100 c. $125 d. $150 e. $120

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