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1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the fol inventory

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1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the fol inventory costing methods: a. First-in, first-out. b. Last-in, first-out. c. Specific identification, assuming that the January 10 sale was from the beginning inventory and the January 17 sale was from January 12 purchase. 2-a. Of the three methods, which will result in the highest gross profit? 2-b. Of the three methods, which will result in the lowest income taxes? Complete this question by entering your answers in the tabs below. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the inventory costing methods. (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar

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