bought 2. 100,00re gal distributor had 100,000 gallons of gasoline valued at $2.80/gallon. They 000 more gallons at $2.60 each. After that, they sold 150,000 gallons at $3.00 each. Their selling and administraive expenses are $10,000 and their tax rate is 25% will they pay more taxes if they value their inventory using FIFO or LIFO, and what will be the difference between the two methods? Chapter 16 at $2.70/ gallon, and then bought in two increments a total of 100,000 more gallons