Dundas Inc. inventory records for a particular development program show the following at August 31, 2020: E: (Click the icon to view the accounting records.) At August 31, 10 of these programs are on hand. All of the programs sold in August 2020 were sold on August 24, 2020. Dundas uses the perpetual inventory system. Sales revenue is $6,000, operating expenses are $1,400, and the income tax rate is 40%. How much in taxes would Dundas save by using the weighted average-cost method versus FIFO? (Hold all decimals in interim calculations. Round all answers to the nearest whole number.) FIFO Weighted average cost of goods sold Accounting records cost of goods sold Difference 495 x income tax rate % Aug. 1 Beginning inventory .... 3 units @ $ 165 = $ 15 Purchase 11 units @ 175 = 1,925 Tax savings using weighted average 26 Purchase 6 units @ 185 = 1,110 Print Done