Business Accounting

Given the following data by how much would taxable incoome change if LIFO is used rather that FIFO

Beg Inv. 3500 unit at 60
units sold 8100
Purchases 6500 units at 70

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  1. You may find helpful information here:

    http://www.google.com/search?q=taxable+income+with+LIFO+and+not+FIFO&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

    Sra

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