what are the answers for a b c and d?

1. XYZ has the following layers of inventory: price/unit date 2012 2013 2014 2015 #units 200 300 $10 250 $11 S12 SIS total cost $ 2000 $ 3300 $ 3000 $ 2700 $11,000 180 930 During 2016, XYZ sells 280 units of inventory for $40/unit and collects cash immediately). Show the journal entry for the cost of goods sold entry, assuming XYZ uses the LIFO method? d. What is the tax savings if XYZ uses LIFO instead of FIFO (assuming a 40% tax rate)?