3.Genesis Corporation began business in 2018. Its primary activity is the sale of appliances. It is uncertain as to which inventory method to use: FIFO, LIFO, or weighted average. Given the information below, which method would you suggest? State your reasons for suggesting this method.(10 points)

Purchases:

February

200

units $300 =

$60,000

June

300

units $350 =

105,000

August

150

units $360 =

54,000

December

180

units $380 =

68,400

830

$287,400

Genesis sold 600 units in 2018 and anticipates increased sales (in units and price) and increased unit costs.