Windsor Company uses the LIFO method for financial reporting purposes but FIFO for internal reporting purposes. At January 1, 2020, the LIFO reserve has a credit balance of $1,278,400. At December 31, 2020, Windsor’s internal reports indicated that the FIFO inventory balance was $2,908,400 and for external reporting purposes the LIFO inventory balance was $1,538,400.1. What is the amount of the LIFO reserve and the LIFO effect related to 2020?LIFO reserve at December 31, 2020 $LIFO effect for 2020 $2. What is the journal entry needed to record the LIFO effect at December 31, 2020?

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?