The management of Felipe Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average- cost. The company requests your help in determining the results of operations for 2022 if either the FIFO or the LIFO method had been used. For 2022, the accounting records show these data: Beginning (7,000 units) Ending (17,000 units) Quarter Purchases were made quarterly as follows. 1 2 Inventories 3 4 Units 50,000 40,000 40,000 60,000 $14,000 190,000 Unit Cost 2.35 $2.20 $110,000 2.50 2.70 Total net sales (180,000 units) Total cost of goods purchased (190,000 units) Total Cost 94,000 100,000 162,000 Purchases and Sales $466,000 Operating expenses were $130,000, and the company's income tax rate is 40%. $747,000 466,000

Question: How much more cash will be available for management under LIFO than under FIFO?

The management of Felipe Inc, is reevaluating the appropriateness of using its present inventory cost flow method, which is averagecost. The company requests your help in determining the results of operations for 2022 if either the FIFO or the LIFO method had been used. For 2022, the accounting records show these data: Purchases were made quarterly as follows. Operating expenses were $130,000, and the company's income tax rate is 40%