Exercise 8-15 The board of directors of Ichiro Corporation ls considering whether or not it should istruct the accounting de first-out (LIFO) basis. The following information is available tment to shift from a first in, f nt out basis of pricing i vento es t a latin, Sales Inventory, January Purchases 21,000 units$50 6,000 units 20 6,000 units 22 10,000 units o 25 7,000 units 3 Inventory, December 31 8,000 units Operating expenses$200,000