Nueva company reported the following pretax data for its first year of operations. $) net sales cost of goods available for sale operating expenses 7,340 5,790 1,728 40% effective tax rate ending inventories: if lifo is elected if fifo is elected 618 798 what is nueva's net income if it elects fifo? a) $372 b) s264 c) $620. d) $440 6) inventory records for herb's chemicals revealed the following 6) march 1, 2018, inventory: 1,000 gallons@$7.20-$7,.200 sales mar. 5 600 gals s 7.25 800 gals 7.30 600 gals s 7.35 mar. 10 400 gals mar 14700 gals mar. 20 500, gals mar. 26 700 gals mar. 16 mar. 23 ending inventory assuming lifo in a periodic inventory system would be b) $5,040 c)$5,075. d) $5,055 a) s5,135. 7) on january 1, 2018, badger inc. adopted the dollar-value lifo method. the inventory 7 cost on this date was $100,000. the ending inventory, valued at year-end costs, and the relative cost index for each of the next three years is below ending inventory at year-end costs s 126,000 130,000 153,600 cost index 1.05 year-end 2018 2019 2020 1.10 1.20 what inventory balance should badger report on its 12/31/2018 balance sheet? b) $120,000 d) $126,000 c) s121,000 a) $100,000