Show me the steps to solve The management of Bonita Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is aver

cost$.$ The company requests your help in determining the results of operations for $2022$ if either the FIFO or the LIFO method had

been used. For $2022,$ the accounting records show these data:

Purchases were made quarterly as follows.

Operating expenses were $$150,000,$ and the company's income tax rate is $40\%.$