Required information Skip to question [The following information applies to the questions displayed below.] The following information pertains to the inventory of Parvin Company for Year 3: January 1 Beginning inventory 500 units @ $15 April 1 Purchased 2,900 units @ $20 October 1 Purchased 900 units @ $21 During Year 3, Parvin sold 3,655 units of inventory at $44 per unit and incurred $17,900 of operating expenses. Parvin currently uses the FIFO method but is considering a change to LIFO.