J O126 HW Score: 72%, 54 of 75 pts S6-3 (similar to) Question Help Jefferson Copy Cemer so se primers and supplies Jefferson Copy Center started the year with 100 containers of ink (average cost of $.10 cod FIFO cost of $8.50 each, LIFO cost of $8.00 each. During the year, Jefferson Cory Center purchased 800 containers of ink at $10.00 and sold 580 units for $21.75 cach. Jefferson Copy Center paid operating expenses throughout the year a total of 54,050 Johorson Copy Center's income statemen-excluding the effects of income tax under of the average-cost, FIFO, and UFO inventory costing methods given Click the icon to view the income statement) Jefferson Copy Center is a corporation subject to a 25% income tax Compute Jefferson Copy Center's income tax expense under the average and to invertory costing methods. Which method would you select to maxime income before tax and minimize income tax expense Round your answer to the nearest whole dolar) Jefferson Copy Center Income Statement Year Ended December 31 Leverage Cost FIFO 12.615 5 12.015 5 5,742 5.660 LIFO 12.615 5.300 Sales revenue Costogoods Gros proft Operating expenses encome before 6.815 6.373 56,955 5 4,050 4,050 2,823 $ 2.505 3 2.755 Enter any number in the aids and then chok Check Answer 2 Dons Clear All Check Arme Starta search A fos - Presc. Home Ind p uppyon Backspace lalalalala in Copy Center started the year with 100 containers of ink (average cost of $9.10 each, FIF $10.00 and sold 580 units for $21.75 each. Jefferson Copy Center paid operating expenses Kunder each of the average cost, FIFO, and LIFO inventory costing methods is given. Data Table LIFO Jefferson Copy Center Income Statement Year Ended December 31 Average Cost FIFO 12,615 $ 12,615 $ 5,742 5,660 6,873 6,955 4,050 4,050 2,823 $ 2,905 S Sales revenue Cost of goods sold Gross profit Operating expenses Net income before tax 12,615 5,800 6,815 4,050 2.765 Print Done K Answer Clear All MacBook Pro