The board of directors of Wildhorse 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		21,000	units @	$63
Inventory, January 1		5,900	units @	25
Purchases		5,400	units @	28
		10,100	units @	31
		6,400	units @	38
Inventory, December 31		6,800	units @	?
Operating expenses		$250,000