A company reports inventory and cost of goods sold based on calculations from a LIFO periodic inventory system. The company's

records under this system reveal the following inventory layers at the beginning of $2024($listed in chronological order of acquisition$)$:

During $2024,50,000$ units were purchased for $$30$ per unit. Due to unexpected demand for the company's product, $2024$ sales

totaled $61,000$ units at various prices, leaving $34,000$ units in ending inventory.

Required:

Calculate the amount to report for cost of goods sold for $2024.$

Determine the amount of LIFO liquidation profit that the company must report in a disclosure note to its $2024$ financial

statements. Assume an income tax rate of $25\%.$

If the company decided to purchase an additional $11,000$ units at $$30$ per unit at the end of the year, how much income tax

currently payable would be saved?