AAA Hardware uses the LIFO method to value its inventory. Inventory at the beginning of the year consisted of 15,000 units of the companys one product. These units cost $16 each. During the year, 65,000 units were purchased at a cost of $19 each and 66,500 units were sold. Near the end of the fiscal year, management is considering the purchase of an additional 7,500 units at $19

What would be the effect of this purchase on income before income taxes? What would be the effect of this purchase on income before income taxes using FIFO method?