Flocken & Farley Bags employs the perpeWentory method for its custom-made fanny packs. It has provided the following inventory information for October: Oct. 1 Oct. 8 Oct. 14 Oct. 19 Oct. 28 On hand, 40 units @ $20 each Purchased 200 units @ $21 each Sold 190 units @ $50 each Purchased 100 units @ $25 each Sold 120 units @ $50 each Flocken & Farley Bags has a 40% effective income tax rate. $ 800 4,200 9,500 2,500 6,000 A. How much is the cost of ending inventory at October 31 and the cost of goods sold for October using FIFO? B. How much is the cost of ending inventory at October 31 and the cost of goods sold for October using LIFO? C. How much will Flocken & Farley Bags save in income taxes if it uses LIFO? D. Calculate Flocken & Farley Bags' inventory-on-hand period under both LIFO and FIFO. Which method generates the 'better' inventory-on-hand' ratio