C 1.25 port Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods assuming the use of a periodic inventory system Required: 1. Compute cost of goods sold under the FIFO, UFO, and average cost inventory costing methods 2. Prepare an income statement through protox income for each method Soes. 350 units, un sales price, 550, Expenses. $1700 3. Rank the three methods in order of income taxes paid devorable cash flow) Complete this question by entering your answers in the tabs below Heured Requires We Compute cost of goods sold under the Ouro, and average cost inventary costing methods (orot und intermediate calculation) LIFO Angs $ Cast of goods Beginnen Purch (475) God be for sale Ending voor (26) Gist of goods sold 11.2005 10610 2735 106 0303 11.2005 11.200 16.625 0,05 27.55 22.12 16000 12250 11:30 5 Required 3 >