Dave Company's inventory records for its retail division show the following at July 31 : (Click the icon to view the accounting records.) At July 31,9 of these units are on hand. Dave Company calculated its cost of goods sold using LIFO as $2,082 and its cost of goods sold using FIFO as $1,995 Read the requirement How much in taxes would Dave Company, save by using the LIFO method versus FIFO? Sales revenue is $7,500, operating expenses are $1,900, and the income tax rate is 40%. (Round your answer to the nearest cent.) Requirement 1. How much in taxes would Dave Company, save by using the LIFO method versus FIFO? Sales revenue is $7,500, operating expenses are $1,900, and the income tax rate is 40%. (Round your answer to the nearest cent.) Company's inventory records for its retail division show the following at July 31 : (Click the icon to view the accounting records.) uly 31, 9 of these units are on hand. Dave Company calculated its cost of goods sold using using FIFO as $1,995. dithe ronourament: Data table