The following November 2003 Department Store Inventory Price Indexes were issued by the Bureau of Labor Statistics: indexes are accepted by the Internal Revenue Service, under §1.472-1(k) of the Income Tax Regulations and Rev Proc.86-46 ・ 86-46-C.739, for appropriate application to inventories of department stores employing the retail inventory and last inventory methods with tax years ends on, or reference to, November 30, 2003.
The following Department Store Inventory Price Indexes for November 2003 were issued by the Bureau of Labor Statistics. The indexes are accepted by the Internal Revenue Service, under § 1.472-1(k) of the Income Tax Regulations and Rev. Proc. 86-46, 1986-2 C.B. 739, for appropriate application to inventories of department stores employing the retail inventory and last-in, first-out inventory methods for tax years ended on, or with reference to, November 30, 2003.