The board of directors of Ichiro Corporation is considering whether or not it should instruct the accounting department to shift from a first-in, first-out (FIFO) basis of pricing inventories to a last-in, first-out (LIFO) basis. The following information is available.

Sales		21,500	units @	$66
Inventory, January 1		6,290	units @	26
Purchases		6,180	units @	29
		10,900	units @	33
		7,450	units @	39
Inventory, December 31		9,320	units @	?
Operating expenses		$263,000