Smd H Check my work mode : This shows what is correct or incorrect for the work you heve completed so far. It does not indicate comples The Reuschel Company began 2018 with inventory of 22,000 units ata cost of $9 per unit. During 2018, 62,000 units were purchased for $10.15 each, Sales for the year totaled 72,000 units leaving 12,000 units on hand at the end of 2018. Reuschel uses a periodic inventory system and the LIFO inventory cost method. Required: 1. Calculate cost of goods sold for 2018. 2. Calculate the effect of the LIFO on the income. Answer is complete but not entirely correct. Complete this question by entering your answer in the tabs below. Required 1 Required 2 Calculate the effect of the LIFO on the income. income by S The effect of the LIFO layer liquidation is to decrease 13.500 Required 1 10 of 15 Next > 3Prev