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			$	117			$	21			$	12.6
June 30			406				119				34				20.4
September 30 (preliminary)			428				135				36				21.6
20X6:
March 31			396				123				21				12.6
June 30			416				135				36				21.6
September 30			403				132				35				21.0
December 31			385				118				35				21.0

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	$	283
June 30		299
September 30		307
20X6:
March 31		285
June 30		294
September 30		296
December 31		276

quarter ended------------net sales---------------- gross profit-----------------operating expenses ---------------earnings from operations-------- net earnings