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Business, 04.12.2019 06:31 wendelljo61

Shondee corporation uses the lower of cost or market and fifo inventory methods. at the end of 2018, the fifo cost of the ending inventory was $181,000, and the market value of the inventory was $160,000. the corporation switched to lifo in 2019. if required, round your answer to the nearest dollar. as a result, shondee corporation must add: $

to income for each of the years 2019, 2020, and 2021.

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