Problem 6-4A Your answer is partially correct. Try again. The management of Sheridan Company asks your help in determining the comparative eff accounting records show these data. ects of the FIFO and LIFO Inventory cost flow methods. For 2017, the Inventory, January 1 (10,110 units) Cost of 125,200 units purchased Selling price of 89,260 units sold Operating expenses 38,418 526,754 723,200 117,920 Units purchased consisted of 37,970 units at $4.00 on May 10; 58,870 units at $4.20 on August 15; and 28,360 units at $4.50 on November 20. Income taxes are 25%. arative condensed incomeatements for 2017 under Ff0 and Luro(Rund answers to o decmalplces e 5,125,)