This question is a continuation of the previous question (qu…
This question is a continuation of the previous question (question 2 of 2) Below is information for JB Corporation. Answer all of the following questions regarding COGS and other expenses. Assume the UNICAP rules apply to tax cost of goods sold calculations. Sales = $140,000 Direct product costs of producing 1,200 units = $80,000 Selling, general and administrative expenses include: Depreciation = $10,000 (25% allocable to inventory for tax purposes) Officer’s salaries = $60,000 (20% allocable to inventory for tax purposes) Other costs = $12,000 (10% allocable to inventory for tax purposes) During the year, JB produced 1,200 units and sold 660 units. JB had no beginning inventory. How much other current tax deductions would JB Corp deduct (DO NOT INCLUDE COGS)?