12,500 units @ $20 $ 250,000 17,500 units @ $25 437,500 Beginning inventory $ 687,500 During 2021, 35,000 units were purchased for $30 per unit. Due to unexpected demand for the company's product, 2021 sales totaled 43,000 units at various prices, leaving 22,000 units in ending inventory. Required: 1. Calculate the amount to report for cost of goods sold for 2021. 2. Determine the amount of LIFO liquidation profit that the company must report in a disclosure note to its 2021 financial statements. Assume an income tax rate of 25%. 3. If the company decided to purchase an additional 8,000 units at $30 per unit at the end of the year, how much income tax currently payable would be saved?