1-Compute the Income before taxes under FIFO for 2005.

2-Compute the Income before taxes under FIFO for 2006.

The following information pertains to CVS which uses LIFO to compute the value of inventories. Inventory values computed under the two methods are given below. End of vear End Inv - FIFO Income before taxes - LIFO End Inv - LIFO 2004 2,257.0 3,040.7 1,000.7 2005 2,202.9 3,166.6 1,174.0 3,515.2 2006 2,354.4 1,627.5