Assume Blackwall Tire, Inc, completed the following perpetual inventory transactions for a line of tires. (Cick the ison to view the transactions:) Read tho rogulements nearest deilar ) Data table Beginning inventory.......32 tires@\$126 Purchase...............29 tires@\$124 Sale. 41 tires@\$200 Print Done Requirements 1. Compute cost of goods sold and gross profit under FIFO. 2. Compute cost of goods sold and gross profit using LIFO. 3. Compute cost of goods sold and gross profit using average cost. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar. 4. Which method results in the largest gross profit and why