The management of Sweet Acacia Industries asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2022, the accounting records show these data. Inventory, January 1 (14,000 units) Cost of 123,000 units purchased Selling price of 96,000 units sold Operating expenses $ 49,000 480.400 734.000 122.500 Units purchased consisted of 37,000 units at $3.70 on May 10; 59,000 units at $3.90 on August 15; and 27,000 units at $4.20 on November 20.