Court of Appeals for the Seventh Circuit August 2, 1972, 71-1518 (Bangor Punta Operations, Inc. v. United States)

SPRECHER, Circuit Judge.

This appeal involves a dispute between taxpayer and the government over the proper method of accounting for the cost of taxpayer’s inventory.

Bangor Punta Operations, Inc., the taxpayer, is a Wisconsin manufacturer of diverse types of engines for many different industries.