During its most recent fiscal year, Raphael Enterprises sold 320,000 electric screwdrivers at a price of $18.60 each. Fixed costs amounted to $1,024,000 and pretax income was $1,344,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?