O O A Dundas Company's inventory records for its retail division show the following at May...

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O O A Dundas Company's inventory records for its retail division show the following at May 31: (Click the icon to view the accounting records.) At May 31, 10 of these units are on hand. Dundas Company calculated its cost of goods sold using LIFO as $2,257 and its cost of goods sold using FIFO as $2,160. Read the requirement. Tax savings using LIFO How much in taxes would Dundas Company, save by using the LIFO method versus FIFO? Sales revenue is $7,800, operating expenses are $1,000, and the income tax rate is 30%. (Ro Difference in methods x Income tax rate (entered as a whole number) % Data table May 1 Beginning inventory 7 units @ $165 = $1,155 May 15 Purchase May 26 Purchase 5 units @$166= $830 11 units @$175 = $1,925 Print Done O O A Dundas Company's inventory records for its retail division show the following at May 31: (Click the icon to view the accounting records.) At May 31, 10 of these units are on hand. Dundas Company calculated its cost of goods sold using LIFO as $2,257 and its cost of goods sold using FIFO as $2,160. Read the requirement. Tax savings using LIFO How much in taxes would Dundas Company, save by using the LIFO method versus FIFO? Sales revenue is $7,800, operating expenses are $1,000, and the income tax rate is 30%. (Ro Difference in methods x Income tax rate (entered as a whole number) % Data table May 1 Beginning inventory 7 units @ $165 = $1,155 May 15 Purchase May 26 Purchase 5 units @$166= $830 11 units @$175 = $1,925 Print Done