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Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following Information at the end of the accounting period, January 31. The Inventory's selling price is $16 per unit. Transactions Unit Cost Units Total cost Inventory. January 1 $6.00 $1,200 Sale, January 10 (140) Purebase, January 12 250 1.625 Sale, January 17 (150) Purchase, January 26 7.50 200 5.50 50 375 Assume that for Specific identification method the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase Required: 1. Compute the amount of goods available for sale, ending Inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Amount of Goods Avaliable for Sale Ending Inventory Cost of Goods Sold Weighted average cost First-in, first-out cast-in, first-out Specific identification 2-a. Of the four methods, which will result in the highest gross profit? Weighted average cost First-in, first-out Last-in, first-out Specific identification 2-b.of the four methods, which will result in the lowest income taxes? Weighted average cost First-in, first-out Last-In, first-out Specific identification Danube.com reported the following amounts in its financial statements (in millions): Net Sales Cost of Goods Sold Beginning Inventory Ending Toventory 2015 2014 $80,000 $67,000 65,000 52,000 6.000 4,300 7.800 6,000 Required: 1. Determine the inventory turnover ratio and average days to sell inventory for 2015 and 2014. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.) 2015 2014 Inventory Tumover Ratio Days to Sell times per year days times per year days