Suppose that Dom began a landscaping business in 2017. In that year, he adopted the last-in first-out (LIFO) inventory-flow method for his business inventory of shrubbery by using it for the year on his tax return. In 2017, he purchased the following four batches of shrubs in 2017 (total cost per batch below).

Shrubs Purchase Date Direct Cost Other Inventoriable Costs Total Cost 200 July 21 $ 2,000 $ 200 $ 2,200

150 August 15 $ 2,000 $ 100 $ 2,100 100 October 30 $ 2,200 $ 400 $ 2,600 140 November 10 $ 2,700 $ 100 $ 2,800

In 2017, Dom sold 200 shrubs. In 2018, Dom purchased three more batches of shrubs at the following total cost per batch below. Throughout 2018, he also sold 50 shrubs:

Shrubs Purchase Date Total Cost 100 Early spring $ 2,400 125 Summer $ 2,500 100 Fall $ 2,600

a. (10 points) What cost of goods sold and ending inventory would Dom record if he elects to use the LIFO method in 2017?

b. (10 points) What will be his cost of goods sold and ending inventory in 2018 under the LIFO method?

c. (10 points) How would you answer (a) change if Dom had initially selected the first-in, first-out (FIFO) method instead of LIFO?

d. (10 points) How would you answer (b) change if Dom had initially selected the first-in, first-out (FIFO) method instead of LIFO?