Golden Eagle Company began operations on April 1 by selling a single product. Data on purchases and sales for the year are as follows: Purchases: Purchases: April 6 May 18 June 6 July 10 August 10 October 25 Units Purchased 31,000 33,000 40,000 40,000 27,200 12,800 8,000 8,000 200,000 Unit Cost $36.60 39.00 39.60 42.00 42.75 43.50 44.85 48.00 Total Cost 1,134,600 1,287,000 1,584,000 1,680,000 1,162,800 556,800 358,800 384,000 $8,148,000 December 10 April May June 16,000 units August September October November December Total units Total sales 16,000 20,000 24,000 28,000 28,000 18,000 10,000 8,000 168,000 $10,000,000 Which inventory costing method would you advice Connie Kilmer to select? Compare and contrast LIFO and FIFO inventory cost flow methods