Your answer is partiaily correct. Try again The management of Felipe Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average-cost. The company in determining the results of operations for 2015 if either the FIPO or the LIFO method had been used. For 2015, the accounting records show these data: Beginning (7,700 units) Ending (18,700 units) Total net sales (198,000 units) Total cost of goods purchased (209,000 unt) $15,400 821,700 589,600 Purchases were made quarterly as follows S5,000 44,000 4,000 66,000 $2.56 $140,800 2.71119,240 287 126,280 3.08 203,20 89,600 4 Operating expenses were $133,500, and the company's income tax rate is 40%. for 2015 under FIFO and u(Show computations of ending inventory.) (Round answers to O decimal place, Prepare comparative condensed income statements 1,2s0.) Felipe In