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7 - 6 3 Effects of LIFO and FIFO The Brachman Company is starting in business on December 3 1 , 2 0 X 0

7-63 Effects of LIFO and FIFO
The Brachman Company is starting in business on December 31,20X0. In each half year, from 20x1 through 20x3, it expects to purchase 1,000 units and sell 500 units for the amounts listed below. In 20x4 it expects to purchase and sell 500 units in each half year. In 20x5, it expects to purchase no units and sell all remaining units for the amount indicated in the following table:
\table[[,201,202,203,204,205
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