at the end of the year, as if it uses a periodic inventory system Assume its accounting records provided the following information at the end of the annual accounting period, December 31 Transactions Units Unit Cost a. Inventory, Beginning 4,000 $ 14 For the year b. Purchase, March 5 10,000 15 c. Purchase, September 19 6,000 17 d. Sole, April 15 (sold for 559 per unit) 4,380 e. Sale, October 31 (sold for $62 per unit) 9,000 f. Operating expenses (excluding income tax expense), 5686,000 Required: 1. Calculate the number and cost of goods available for sale 2. Calculate the number of unitsin ending inventory 3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) UFO, and (c) weighted average cost 4. Prepare an income statement that shows the FIFO method, LIFO method and weighted average method 6. Which inventory costing method minimizes income taxes? Complete this question by entering your answers in the tabs below. os Required 1 Required 2 Required Required 4 Required 6 Compute the cost of ending inventory and cost of goods sold under() FIFO, (b) LIFO, and (c) weighted average cost. Cost of Ending Inventory Cost of Goods Sold FIFO LIFO Weighted Average Cost