150 50 48 Smitty's Hair Salon, Tire Care, and Candy Shop recorded the following purchases, and inventory levels, of candy (in cases) from last operating period. Date Description Cases Unit Price T. Cost OP INV $1.10 $165.00 Purchases $1.12 $56.00 Purchases $1.14 $54.72 Purchases $1.15 $71.30 Purchases $1.18 $63.72 Purchases 31 $1.18 $36.58 Purchases $1.12 $49.28 Purchases $1.10 $72.60 Purchases $1.08 $86.40 Purchases $1.15 $103.50 Purchases $1.15 $59.80 Purchases 68 $1.12 $76.16 Purchases $1.20 $38.40 90 Closing Inventory: 200 cases Using the information above, calculate the closing inventory value using the method indicated below: Which inventory valuation method will provide the highest gross profit? Select one: a. LIFO b. FIFO c. WAPP O d. LPP 150 50 48 Smitty's Hair Salon, Tire Care, and Candy Shop recorded the following purchases, and inventory levels, of candy (in cases) from last operating period. Date Description Cases Unit Price T. Cost OP INV $1.10 $165.00 Purchases $1.12 $56.00 Purchases $1.14 $54.72 Purchases $1.15 $71.30 Purchases $1.18 $63.72 Purchases 31 $1.18 $36.58 Purchases $1.12 $49.28 Purchases $1.10 $72.60 Purchases $1.08 $86.40 Purchases $1.15 $103.50 Purchases $1.15 $59.80 Purchases 68 $1.12 $76.16 Purchases $1.20 $38.40 90 Closing Inventory: 200 cases Using the information above, calculate the closing inventory value using the method indicated below: Which inventory valuation method will provide the highest gross profit? Select one: a. LIFO b. FIFO c. WAPP O d. LPP