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4. Bluet, Ltd. owns the following inventory lots on June 1, 2019: Lot F H Date May 12, 2019 May 27, 2019 Units 200 200

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4. Bluet, Ltd. owns the following inventory lots on June 1, 2019: Lot F H Date May 12, 2019 May 27, 2019 Units 200 200 Cost/Unit $30 $35 During June, Bluet sells 300 units of inventory at a price of $60 per unit. Bluet does not purchase any inventory during June. 4. Unanswered 2 attempts left If Bluet has a 30% income tax rate, calculate the difference in income tax between using FIFO and LIFO to calculate the cost of goods sold. Type your response

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