Dundas Company's inventory records for its retail division show the following at August 31 Click the icon to view the accounting records ) At August 31, 11 of these units are on hand Dundas Company calculated its cost of goods sold using LIFO as $2,502 and its cost of goods sold using FIFO as $2,395 Read the requirement How much in taxes would Dundas Company, save by using the LIFO method versus FIFO? Sales revenue is $7,840, operating expenses are $1,400, and the incomo tax rate is 35% (Round your answer to the nearest cent) Difference in methods x Income tax rate % Tax Savings using LIFO -X Data Table Aug 1 Beginning inventory 15 Purchase 26 Purchase 8 units @ $ 170 1,360 5 units 171 = $ 855 12 units 180 = $ 2.160 Print Done