The management of Sandhill 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 10,64,000 units at $3.40 on August 15 , and 28,000 units at $3.70 on November 20. Income taxes are 28\%. Cost of Goods Sold Beginning Inventory 31,500 Cost of Goods Purchased Cost of Goods Available for Sale 442,800 Ending Inventory Cost of Goods Sold Operating Expenses Income before Income Taxes