Can you consider the dates because its confusing me.

racers. One of Speed Speed World Cycles sells high-performance World's most popular models is the Kazomma 900 dirt bike. During the current year, Speed World Cycles purchased eight of these bikes at the following costs motorcycles and motocross Unit Purchased Cost Units Total Cost Purchase Date July 1 July 22 $4,950 9,900 15.000 5,100 1500 3500 On July 28, Speed World Cycles sold four Kazomma 900 dirt bikes to the Vince Wilson racing eam. The remaining four bikes remained in inventory at September 30, the end of Speed World's fiscal year Assume that Speed World Cycles uses a perpetual inventory rystem. (See the data given above) a Compute the cost of goods sold relating to the sale on July 28 and the ending inventory of Kazomma 900 dirt bikes at September 30, using the following cost flow assumptions: 1. Average oost. 3. LIFO. Show the number of wnits and the unit costs of each layer comprising the cost of goods sold and ending inventory. b. Using the cost figures computed in part a, answer the following questions 1. Which of the three cost flow assumptioes wall resalt in Speed World Cycles reporting the highest net income for the current yeart Would this always be the case? Explain. World Cycles for the year? Would you expect this usually to be the case? Explain income foe the curreat year in its financial statements, but use the cost flow assumpeion 2. Which of the three cost flow assumptions minimizes she income aaxes owed by Speed 3. May Speed World Cycles use the cost low assumption that results in the highest net that minimizes taxable income Soe the current year in its income tax return? Explain