Question: This exercise should be used in conjunction with S6-4. McDonough Copy Center is a corporation subject to a 30% income tax. Compute McDonough Copy Center's

This exercise should be used in conjunction with S6-4. McDonough Copy Center is a subject to a 30% income tax. Compute McDonough Copy Center's income tax expense under the average, FIFO, and LIFO inventory costing methods. Which method would you select to (a) maximize income before tax and (b) minimize income tax expense?

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