Answer is complete and correct. Amount of Goods Ending Cost of Available for Inventory Goods Sold Sale 638,000S 234,750S 403,250 638,000 281,300 356.700 638,000 $ 331,750 306,250 638,000 S 306,950 5 331,050 Last-in, first-out Weighted average cost First-in, first-out Specific identification s 2-a. Of the four methods, which will result in the highest gross profit? Last-In, first-out Weighted average cost First-in, first-out Specific identification 2-b. Of the four methods, which will result in the lowest Income taxes? Last-In, first-out Weighted average cost First-in, first-out Specific Identification