I1. (26 points) Alex Wholesalers Inc. began its business on January 1, 2017. Information on its inventory purchases and sales during 2017 are provided below Inventory Purchases Units Cost per Unit Total S 40,000 January 1 March 10 April 12 September 15 November 11 December 29 Units available for sale $4.00 10,000 8,000 12,000 7,500 6,000 6.500 50,000 4.10 4.30 4.45 4.75 5.00 32,800 51,600 33,375 28,500 $218,775 Inventory Sales Units 38,000 Units sold Assume the company uses LIFO. Assume a tax rate of 40% Required i. Compute the cost of goods sold for the Alex Wholesalers Inc for 2017