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Periodic System-Computing Cost of Sales and Gross Profit under FIFO and LIFO March 31 showed 90 units available in nutite r. vailewat,es the periodk inventory system. a) Compute cost of goods suld anc enoing inventory lor the first quarter ol itic year using (1) FIFC and {2} LIFO. - Note: Do not use any regotive signs with your answers b. Which of the following inventory methods would we resommend that Valley vese to produce the greatest arter-tax cash lliom: F FO cr LIEo? - Note; Qo net ure ary regative signe witi woour ariswers. Periodic System-Computing Cost of Sales and Gross Profit under FIFO and LIFO March 31 showed 90 units available in nutite r. vailewat,es the periodk inventory system. a) Compute cost of goods suld anc enoing inventory lor the first quarter ol itic year using (1) FIFC and {2} LIFO. - Note: Do not use any regotive signs with your answers b. Which of the following inventory methods would we resommend that Valley vese to produce the greatest arter-tax cash lliom: F FO cr LIEo? - Note; Qo net ure ary regative signe witi woour ariswers