Tesla, Inc. uses the LIFO method for inventory costing. For the fiscal year ended December 31, 2023, the following data is available:

Tesla, Inc. began the year with 10,000 units of Model 3 cars valued at $35,000 each. During the year, they purchased an additional 20,000 units at $38,000 each on March 1 and 30,000 units at $40,000 each on July 1. By the end of the fiscal year, 25,000 units remained in inventory. Tesla, Inc. sold a total of 35,000 units during the year.

a. Calculate the cost of goods sold (COGS) using the LIFO method for Tesla, Inc. b. Determine the value of ending inventory using the LIFO method. c. Explain how the LIFO method impacts Tesla, Inc.’s financial statements and profitability. d. Discuss the tax implications of using LIFO for Tesla, Inc. under current tax regulations. e. Analyze how LIFO affects Tesla, Inc.’s cash flow and financing needs. f. Evaluate the strategic implications of using LIFO in Tesla, Inc.’s global manufacturing operations.