Problem4 Carboni Company had the following data available for the current month: 10 units $55 per unit 30 units 25 units $65 per unit Beginning Inventory Purchase #1 Purchase #2 $60 per unit Assume 40 units were sold during the month. Sales Revenue for the month is $7,000 and operating expenses are $2,200. The income tax rate is 30 %. Required: Compute cost of goods sold using: a. FIFO b. LIFO