can you answer those questions?

can you anawer? make a table

Purchases were made quarterly as follows. Quarter Units Unit Cost Total Cost 1 65.000 2 55,000 2.30 12.500 3 55.000 2.40 132,000 4 75.000 2.60 195.000 250,000 $5.500 Operating expenses were $100,000, and the company's income tax rate is 40%. Prepare comparative condensed income statements for 2017 under FIFO and LIFO. GRESA INC. Condensed Income Statements FIFO LIFO (3) Answer the following questions for management. Which cost flow method (FIFO or LIFO) produces the (1) more meaningful inventory amount for the balance sheet? (2 Which cost flow method (FIFO or LIFO) produces the more meaningful net income? Which cost flow method (FIFO or LIFO) is more likely to approximate the actual physical flow of goods? How much more cash will be available for management under LIFO than under FIFO? Will gross profit under the average-cost method be higher or lower than FIFO? Will gross profit under the average-cost method be higher or lower than LIFO? Click if you would like to show Work for this questioni Seen Show (5) Purchases were made quarterly as follows. Quarter Units Unit Cost Total Cost 1 65.000 2 55,000 2.30 12.500 3 55.000 2.40 132,000 4 75.000 2.60 195.000 250,000 $5.500 Operating expenses were $100,000, and the company's income tax rate is 40%. Prepare comparative condensed income statements for 2017 under FIFO and LIFO. GRESA INC. Condensed Income Statements FIFO LIFO (3) Answer the following questions for management. Which cost flow method (FIFO or LIFO) produces the (1) more meaningful inventory amount for the balance sheet? (2 Which cost flow method (FIFO or LIFO) produces the more meaningful net income? Which cost flow method (FIFO or LIFO) is more likely to approximate the actual physical flow of goods? How much more cash will be available for management under LIFO than under FIFO? Will gross profit under the average-cost method be higher or lower than FIFO? Will gross profit under the average-cost method be higher or lower than LIFO? Click if you would like to show Work for this questioni Seen Show