The following data is available:

Sales: 2,400 units

Beginning inventory: 600 units @ $8.80

Purchases in chronological order: 1,200 units @ $8.40 800 units @ $8.80 1,000 units @ $9.00

Calculate COGs under the following cost flow assumptions:

A) Weighted average B) FIFO

C) LIFO

Assume net income using the weighted average cost flow assumption was $12,800. Calculate the net income under FIFO and LIF)0.