Answer:
C) higher net income; higher working capital.
FIFO LIFO
NET INCOME -13200 -10150
WORKING CAPITAL -13200 -10150
Explanation:
FIFO Purchases Unit cost Unit sales_unit End. Inv. Mon.Cost
Jan-1 9.500 38 250 250 0 9.500
Jan-3 14.800 37 400 100 300 3.700
Jan-7 14.850 33 450 450 0
jan-9 15.950 29 550 550 0
55.100 1.650 350 1.300 13.200
LIFO Purchases Unit cost Unit sales_unit End. Inv. Mon.Cost
Jan-1 9.500 38 250 0 250 0
Jan-3 14.800 37 400 0 400 0
Jan-7 14.850 33 450 0 450 0
jan-9 15.950 29 550 350 200 10.150
55.100 1.650 350 1.300 10.150
