Question: Tesla reported the following pretax data for its first year of operations. Net sales Cost of goods available for sale Operating expenses Effective tax

Tesla reported the following pretax data for its first year of operations.

Tesla reported the following pretax data for its first year of operations. Net sales Cost of goods available for sale Operating expenses Effective tax rate Ending inventories: If LIFO is elected It Firo is elected What is Tesla's net income if it elects FIFO? 2,890 2,490 830 201 900 1,080

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