Snap-On Tools and Black and Decker manufacture and market power tools and accessories. Snap-On Tools target customer is the professional contractor, while Black and Decker focuses on home users and professionals. Both firms use the same cost flow assumption for valuing inventories and cost of goods sold. Selected financial data for the companies appears below.
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Snap-On Tools and Black and Decker manufacture and market power tools and accessories. Snap-On Tools target customer is the professional contractor, while Black and Decker focuses on home users and professionals. Both firms use the same cost flow assumption for valuing inventories and cost of goods sold. Selected financial data for the companies appears below.
  Required:

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The Answer of Snap-On Tools and Black and Decker manufacture and market power tools and accessories. Snap-On Tools target customer is the professional contractor, while Black and Decker focuses on home users and professionals. Both firms use the same cost flow assumption for valuing inventories and cost of goods sold. Selected financial data for the companies appears below.
  Required:

Snap-On Tools and Black and Decker Manufacture and Market Power