Question: Sequoia Inc. reported the following pretax data for its first year of operations. Calculate Sequoia Inc. ' s net income if it elects FIFO.

Sequoia Inc. reported the following pretax data for its first year of operations.
Calculate Sequoia Inc.'s net income if it elects FIFO.
\table[[Net sales,$7,350
Sequoia Inc. reported the following pretax data for its first year

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