The management of Sheffield Inc. is reevaluating the appropriateness of using its present inventory cost flow methodwhich is average-costThe company requests your help in determining the results of operations for 2022 if either the FIFO or the LIFO method had been used. For 2022, the accounting records show these data : InventoriesPurchases and Sales Beginning (4,000 units) $ 8,000 Total net sales (180,000 units)$ 747,000 Ending (14,000 units) Total cost of goods purchased 190,000 units ) 466,000 Purchases were made quarterly as follows Quarter Units Unit CostTotal Cost 1 50,000 $2.20$110,000 240,000 2.35 94,000 340,000 2.50 100,000 60,000 2.70 162,000 190.000$ 466,000