Dundas Inc. inventory records for a particular development program show the following at December 31, 2020: E (Click the icon to view the accounting records.) At December 31, 10 of these programs are on hand. All of the programs sold in December 2020 were sold on December 24, 2020. Dundas uses the perpetual inventory system. Sales revenue is $6,200, operating expenses are $1,600, and the income tax rate is 25%. How much in taxes would Dundas save by using the weighted-average-cost method versus FIFO? CORO (Hold all decimals in interim calculations. Round all answers to the nearest whole number.) . - FIFO Accounting records Weighted average cost of goods sold cost of goods sold Difference x income tax rate % Dec. 1 Beginning inventory 15 Purchase 26 Purchase 5 units @ $ 150 = $ 750 12 units @ 160 = 1,920 6 units @ 170 = 1,020 Tax savings using weighted average Print Done