The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the gross profit eamed by the company for both LIFO and FIFO.

The CEO's bonus is calculated using net income before income taxes. If the CEO wishes to maximize her bonus, which of the following methods would you recommend?

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The CEO has asked you to help her decide whether to use LIFO or FIFO for inventory costing. Compute the gross profit eamed by the company for both LIFO and FIFO.

$\backslash$table$[[$Periodic FIFO,Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[$Date$,$# of units,Cost per unit,$\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[$# of units$],[$sold$]],$Cost per unit,$\backslash$table$[[$Cost of Goods$],[$Sold$]],\backslash$table$[[$# of units$],[$in ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$March $1,,,,\frac{?}{\text{b}\text{a}\text{r}}(y-10),,$Til,T$111,,],[$March $5,,,,,,$Wis,$1111,,],[$March $18,,,\backslash$table$[[1010]],,,,111,,],[$March $25,x+2,,,,,1,$E$,1111,],[$Total$,,+2,,,,$DI$,,,],[$Periodic LIFO,Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[$Date$,$# of units,Cost per unit,$\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[$# of units$],[$sold$]],$Cost per unit,$\backslash$table$[[$Cost of Goods$],[$Sold$]],\backslash$table$[[$# of units$],[$in ending$],[$inventory$]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$March $1,100,,$ind,,,,$,$URE,$],[$March $5],[$March $18],[$March $25],[$Total$],[$Gross Profit,FIFO,LIFO,,,,,,,$]$