A retailer has received inventory twice in March. The first shipment of 50 coffee makers cost $40 each, the second shipment of 50 coffee makers cost $60 each. The retailer sold 50 coffee makers at $80 each. How should the retailer report sales to the stockholders? a. LIFO $4,000-$3,000 $1,000 b. FIFO $4,000-$3,000= $1,000 c. LIFO $4,000+$2,000= $6,000 d. FIFO $4,000-$2,000= $2,000