Assignment Gradebook ORION Downloadable eTextbook ent CALCERATOR PONTEVERSION BACK NE Question 8 Sarasota Company Ltd. had 294 units in beginning inventory at a total cost of NT5906.108. The company purchased 588 units at a total cost of NTSZ,045,340 as the end of the year, Sarasota had 221 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-coat. (Round average-cost per unit to 2 decimal places, eg: 2.2 and final answers to O decimal places, e.g. NT$45.) Average cost The cost of the ending inventory The cost of goods sold FIFO NTS NTS NTS NTS Which cost flow method would result in the higher net income? FIFO method would result in the higher net income. which cost flow method would result in inventores approximating current contin the statement of financial position method would result in inventories approximating current cost in the statement of financial sestion FIFO Which cost flow method would result in Sarasota paving fewer taxes in the first year Average-cost method would result in Sarasota paying lower taxes in the first year O 7 8 5 3 6 P r R m w M 2 22 H T S // M B. N x olt