S6-5. (Learning Objective 3: Computing income tax effects of the inventory costing methods) This exercise should be used in conjunction with Short Exercise 6-4. Jackson is a corporation subject to a 35% income tax. Compute Jackson’s income tax expense under the average, FIFO, and LIFO inventory costing methods. Which method would you select to

(a) maximize income before tax and

(b) minimize income tax expense?