How much inventory (in pounds of coffee) did the company have at June 30, 2011, and 2010?
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How much inventory (in pounds of coffee) did the company have at June 30, 2011, and 2010? What is the approximate average cost of LIFO inventory at June 30.2011 and 2010? Explain the company’s year-end purchase decision in 2011. Without switching from LIFO, how much could the company have increased income before taxes in 2011?
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Accounting What the Numbers Mean
ISBN: 978-0073527062
9th Edition
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
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