The accountant at Patton Company has determined that income before income taxes amounted to $11,000 using the FIFO costing assumption.If the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
A)$11,900
B)$14,000
C)$8,000
D)$10,100

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The Answer of The accountant at Patton Company has determined that income before income taxes amounted to $11,000 using the FIFO costing assumption.If the income tax rate is 30% and the amount of income taxes paid would be $900 greater if the LIFO assumption were used, what would be the amount of income before taxes under the LIFO assumption?
A)$11,900
B)$14,000
C)$8,000
D)$10,100

The Accountant at Patton Company Has Determined That Income Before