Problem 6 4A The management of Felipe Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average-cost. The company requests your help in detemining the results of operations for 2015 it either the FIFO or the LIFO method had been used. For 2015, the accounting records show these data: Beginning (10,430 units) 20,860 Total net sales (268,200 units) Ending (25,330 units) $1,113,030 796,852 Total cost of goods purchased (283,100 units) Purchases were made quarterly as follows. Tot 74,500 59,600 59,600 $2.58 $192,210 162,112 2.85 169,860 3.05 272,670 96,852 2.72 283,100 Operating expenses were $129,900, and the company's income tax rate is 40%