m/cou zes/secured lockdown Computer Associates is a retailer specializing in selling Windows-based desktop systems to local businesses. The firm opened business on January 1, 2011 and uses a periodic inventory system. During the first quarter of operations, the company made three purchases. On January 5, 2011, the company purchased 16 computers for $210 per unit. On February 13, 2011, the company purchased 18 computers for $235 per unit. On February 27, 2011, the company purchased 9 computers for $238 per unit. The company made two sales during the first quarter. It sold 8 units on February 1, 2011 and sold 7 units on March 15, 2011. Compared to using LIFO, will FIFO result in higher or lower earnings before taxes during the first quarter of 2011? a. Lower by $196 b. Higher by $196 Oc. Lower by $402 d. Higher by $402