The management of Oriole Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2025, the accounting records show these data. They use the periodic system.

Units purchased consistef of 38,000 units at $3.20 on May 10, 57,000 units at $3.40 on August 15, and 28,000 units at $3.70 on November 20. Income taxes are 28%.

Current Attempt in Progress The management of Oriole Inc: asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2025 , the accounting records show these data. They use the periodic inventory system. Units purchased consisted of 38,000 units at $3,20 on May 10,57,000 units at $3,40 on August 15 , and 28,000 units at $3.70 on November 20. Income taxes are 28%. (a) Prepare comparative condensed incomie statements for 2025 under FIFO and LIFO: ir 6 HW Assignment Question 5 of 6 15 Oriole Inc. Condensed Income Statements For the Year Ended December 31.2025 FIFO LIFO HW Assignment Question 5 of 6