Dave Company's inventory records for its retail division show the folowing at October 31 (Click the icon to view the accounting records At October 31, 10 of these units are on hand Dave Company calculated its cost of goods sold using LIFO as $2.257 and its cost of goods sold using FIFO as $2,160. Read the requirement How much in taxes would Dave Company, save by using the LIFO method versus FIFO? Sales revenue is S7200, operating expenses are $1,400, and the income tax rate is 25% (Round your answer to the nearest cont.) Difference in methods x income tax rate Data Table Tax savings using LIFO Oct 1 Beginning inventory 15 Purchase 20 Purchase 7 units S 165S 1.155 5 units 106 $ 830 11 units 175 $ 1,925 Print Done