Company A uses a periodic inventory system and the LIFO cost method. The company began 2021 with the following inventory layers listed in chronological order of acquisition 5.000 unit $10 per unit 8,000 units @ $12 per unit During 2021. 15.000 units were purchased for $15 per unit. Sales for the year totaled 24.000 units at various prices. What is the effect of UFO liquidation on net income assuming $21,250 $26,300 $21.180 $24.720 Company A uses a periodic inventory system and the LIFO cost method. The company began 2021 with the following inventory layers listed in chronological order of acquisition 5.000 unit $10 per unit 8,000 units @ $12 per unit During 2021. 15.000 units were purchased for $15 per unit. Sales for the year totaled 24.000 units at various prices. What is the effect of UFO liquidation on net income assuming $21,250 $26,300 $21.180 $24.720