Eneri Company's inventory records show the following data: 
A physical inventory on December 31 shows 4,000 units on hand.Eneri sells the units for $13 each.The company has an effective tax rate of 20%.Eneri uses the periodic inventory method.What is the difference in taxes if LIFO rather than FIFO is used?
Definitions:
Normal Model
A theoretical distribution with a bell-shaped curve, symmetrical about the mean, used in statistics to describe how values of a variable are spread or distributed.
Top 2.5%
Referring to the upper echelon or highest-performing individuals or entities, specifically those in the 97.5th percentile and above.
Normal Model
A probability distribution characterized by its symmetry about the mean, revealing that data is more frequently found near the mean than at greater distances from it.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values.
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