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FRANK G. WIKSTROM & SONS, INC. v. COMMISSIONER

Docket No. 38314.

20 T.C. 359 (1953)

FRANK G. WIKSTROM & SONS, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated May 15, 1953.

Attorney(s) appearing for the Case

William J. Cosgrove, Esq., for the petitioner.

John J. O'Toole, Esq., for the respondent.

OPINION.

MURDOCK, Judge:

The Commissioner determined a deficiency of $1,858.13 in income tax for the taxable period ended December 31, 1947. The petitioner alleges that the Commissioner erred by including overhead expenditures in the closing inventories for 1947, 1948, and 1949 without making the same adjustment to the opening inventory for 1947, by not accepting the taxpayer's consistent method of inventorying and, in the application of his own method...

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