What is the total cumulative tax savings of using LIFO given a 35% income tax rate? Round your answer to the nearest dollar. Note: your answer should be formatted as a whole number without currency symbols or punctuation. At the beginning of July. Travelers' Favorite Luggage holds 15 units of its only product with a per-unit cost of \$560. During July. Travelers' Favorite sells 40 units. A summary of purchases during the current period follows: Assume that Travelers' Favorite utilizes the LIFO method. What would be reported as cost of goods sold for July assuming the third purchase is made during July? Note: your answer should be formatted as a whole number without currency symbols or punctuation. What would be reported as cost of goods sold for July assuming the third purchase is delayed until August? Note: your answer should be formatted as a whole number without currency symbols or punctuation