JJ Enterprises began the year with 480 units of one of its most popular products.During the year JJ purchased 1,000 units and sold 1,100 units for $500 each.What is the pre-tax effect of JJ's LIFO liquidation? 
A) $38,400
B) $9,600
C) $4,800
D) $11,600
Correct Answer:
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