P9-4A A Best Yet Electronic Center began December with 140 units of inventory that cost $75 each. During December, the store made the following purchases: Dec. 3..... 217 @ $79 12 18 95 @ 82 210 @ 83 24 248 @ 87 The store uses the periodic inventory system, and the physical count at December 31 indicates that ending inventory consists of 229 units. Required 1. Determine the ending inventory and cost-of-goods-sold amounts for the December financial statements under the weighted-average. FIFO. and LIFO cost methods. Round weighted- average cost per unit to the nearest cent and all other amounts to the nearest dollar. 2. How much income tax would Best Yet save during December for this one store by using LIFO versus FIFO? The income tax rate is 40%.