Check my work Required information E7-7 Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO LO7-2, 7-3 Part 1 of 2 [The following information applies to the questions displayed below.] 0.62 points Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Skipped Units 2,850 Unit Cost $ 12 10 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($53 each) Operating expenses (excluding income tax expense) 8,890 7,950 10,880 eBook Print $191,500 References E7-7 Part 2 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Check my work the current year, the accounting records provided the following information for product 2: Units 2,850 Unit Cost $ 12 Part 1 of 2 10 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($53 each) Operating expenses (excluding income tax expense) 8,890 7,950 10,880 15 $191,500 0.62 points Skipped E7-7 Part 2 eBook 2. Compute the difference between the pretax income and the ending inventory amount for the two cases. Print References Comparison of Amounts Case A Case B FIFO LIFO Difference Pretax income Ending inventory