William Company uses the periodic inventory system and has provided the following data: 
Required:
A.Calculate the following using both: FIFO and LIFO inventory methods. 
B.In times of rising unit costs, how does pretax income using FIFO compare to pretax income using LIFO? Explain your answer.
Definitions:
Complaint Sections
Parts of a legal complaint document detailing the facts, legal basis, and specific demands for relief.
FRCP 26
Federal Rules of Civil Procedure 26, relating to the disclosure of evidence in the pre-trial discovery process.
Discovery
The pre-trial process in a lawsuit where each party can obtain evidence from the other party by means of discovery devices such as interrogatories, depositions, and document requests.
E-filing
The electronic submission of legal documents to a court's system, allowing for a more efficient and often faster process than traditional paper filings.
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