the management of morales co, is reevaluating the appropriateness of using its present inventory cost flow method, which is average cost. They request your help in determining the results of operations for 2011 if either the FIFO method or the LIFO method had been used. For 2011, the accounting records show the following data Inventories beginning (15,000 units) 32000 ending cost (30,000 units) purchases and sales total net sales (215,000) 865,000 total cost of goods purchased (230,000 units) 595,000 purchase were made quarterly as follows. quarter 1= 60,000 units unit cost = $2.40 total 144,000 quarter2 = 50,000 2.50 125,000 quarter 3 =50,000 2.60 130,000 quarter 4 = 70,000 2.80 196,000