During the third quarter of its 20X7 fiscal year, Press Company is considering the different methods of reporting accounting changes on its interim segments. Preliminary data are available for the third quarter of 20X7, ending on September 30, 20X7, prior to any adjustments required for any accounting changes. The companys tax rate is 40 percent of income. Selected interim data for the company, in thousands of dollars, follow:

Quarter Ended	Net Sales				Gross Profit				Earnings from Operations, Before Tax				Net Earnings
20X7:
March 31		$	390			$	129			$	23			$	13.8
June 30			416				131				30				18.0
September 30 (preliminary)			433				147				32				19.2
20X6:
March 31			396				135				23				13.8
June 30			426				147				32				19.2
September 30			408				144				31				18.6
December 31			390				130				31				18.6

Required: For the following independent cases, present the companys interim financial data for the three quarters of 20X7 and the comparative data for 20X6, assuming that in a meeting on the last day of the third quarter of 20X7, the company decides to make the specified accounting change. a. The company decides to change from the FIFO method of accounting for inventory to the LIFO method. The accounting department has prepared the following schedule of data, in thousands of dollars, showing the cost of goods sold each quarter under the LIFO method. The preceding selected interim data are based on the FIFO method. The accounting department has determined that there will be no difference in cost of goods sold prior to January 1, 20X6. (Enter your answers in thousands of dollars. Round your Net Earnings to 1 decimal place.)

Quarter Ended	LIFO
20X7:
March 31	$	271
June 30		297
September 30		300
20X6:
March 31		273
June 30		292
September 30		289
December 31		269