Question: 2 0 2 6 2 0 2 7 2 0 2 8 FIFO Method $ 1 9 , 1 7 0 2 1 , 0

2026
2027
2028
FIFO Method
$19,170
21,080
24,960
LIFO Method
$12,110
13,970
16,950
Pronghorn Company began operations on January 1,2026, and uses the average-cost method of pricing inventory. Management is
contemplating a change in inventory methods for 2029. The following information is available for the years 2026-2028.
Net Income Computed Using
Average-Cost Method
$15,920
17,990
20,180

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