The management of Pharoah Company 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 ir either the FIFO or the LIFO method had been used. For 2022, the accounting records show these data Inventories Purchases and Sales Beginning ( 12 250 units) $24.500 Total net sales (315,000 units) $ 1,307,250 Ending (29.750 units) Total cost of goods purchased (332.500 units) 815.500 Purchases were made quarterly an follow Units Unit Cost Total Cost Quarter 1 87.500 $220 $ 192,500 164500 2 70,000 2.35 3 70,000 2.50 175,000 283.500 4 105,000 2.70 332.500 $815.500 Operating expenses were $ 130.000, and the company's income tax rate is 40% Question 6 of 6 UTE (2)