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The corporation uses the accrual method of accounting and reports on a calendar year basis. Inventories are determined under the lower of cost or market method and Opportunity Landscaping uses the uniform capitalization (UCAP) rules for tax purposes. Information regarding the cost of goods sold is as follows: Books Tax Beginning inventory (1/1/18) 635,000 $ 655,000 Ending inventory (12/31/18) 705, 700 755,000 Purchases and Indirect costs 622,000 622,000 Labor 206,700 206,700 Additional indirect costs (UCAP) 25,300 The corporation uses the accrual method of accounting and reports on a calendar year basis. Inventories are determined under the lower of cost or market method and Opportunity Landscaping uses the uniform capitalization (UCAP) rules for tax purposes. Information regarding the cost of goods sold is as follows: Books Tax Beginning inventory (1/1/18) 635,000 $ 655,000 Ending inventory (12/31/18) 705, 700 755,000 Purchases and Indirect costs 622,000 622,000 Labor 206,700 206,700 Additional indirect costs (UCAP) 25,300