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Effects of Inventory Costing Methods Beston, Inc. has the following income statement data
avallabie for the year: Beston uses a perpetual ieventory accouinting system and the average cost
method. Beston is considering adopting the FIFO or LIFO method for costing inventory.
Beston'? accountant prepared the following data: 1. Compute income before taxes, income taxes
expense, and net income for each of the three inventory costing methods. (Round to the nearest
dollar)

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