Bonita Company's inventory records show the following data: A physical inventory on December 31 shows...
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Bonita Company's inventory records show the following data: A physical inventory on December 31 shows 4300 units on hand. Bonita sells the units for $11 each. The company has an effective tax rate of 20%. Bonita uses the periodic inventory method. Under the FIFO method, the December 31 inventory is valued at $30100$40420$37800$34400
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