DANHOF, J.
These consolidated cases present a question regarding the method of computing the value of inventory on tax day, i.e., December 31, MCLA 211.2; MSA 7.2. The problem arises when a taxpayer wishes to claim an exemption for inventory stored in a public warehouse designated as in transit in interstate commerce, and at the same time averages inventory over a 12-month period rather than using the tax-day valuation. The statute governing averaging inventory...
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