CARBU Check my work Required information [The following information applies to the questions displayed below) Givoly Inc uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units 7.700 Unit Cost $9 Inventory, December 31, prior year For the current year! Purchase, March 5 Purchase, Beptember 19 Sale ($30 each) Salo ($32 each) Operating expenses (excluding income tax expenne) 7 3 19,700 10,700 3,700 16,700 $407.000 3. Which inventory costing method may be preferred for income tax purposes? Which Inventory costing method may be preferred for income tax purposes