Exercise $5-18($Algo$)$ Comparing LIFO numbers to FIFO numbers; ratio analysis LO A$3$

Cruz Company uses LIFO for inventory costing and reports the following financial data. It also recomputed inventory and cost of goods sold using FIFO for comparison purposes.

$\backslash$table$[[$LIFO inventory,Year $2,$Year $1],[$LIFO cost of goods sold,$$290,$$$240$