Question: Can please help me with multiple choice question Sunland Company's inventory records show the following data: Units Unit Cost Inventory: January 1 9900 $8.80 Purchases:

Can please help me with multiple choice question

Sunland Company's inventory records show the following data:

		Units	Unit Cost
Inventory:	January 1	9900	$8.80
Purchases:	June 18	8900	8.00
	November 8	6100	5.00

A physical inventory on December 31 shows 4400 units on hand. Sunland sells the units for $13 each. The company has an effective tax rate of 20%. Sunland uses the periodic inventory method. What is the difference in taxes if LIFO rather than FIFO is used?

$3464 tax savings

$3464 additional taxes

$2804 additional taxes

$3344 additional taxes

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