56. Analyze the impact of different inventory valuation methods on financial statements for LMN Corporation using the following data:

Inventory Item	Quantity	Cost per Unit ($)
Item A	100	$10
Item B	200	$15
Item C	150	$12

Requirements:

• Calculate the inventory value using FIFO, LIFO, and weighted average cost methods.
• Present the analysis in a detailed table format.
• Discuss the implications of inventory valuation methods on financial reporting and taxes.