case During! 2014, ipurcha at Sis per was 30 ercenr 1, Uing the inventory caN. Operating expenses were so duces the 1 the periodic inventory system, compute net income using the Fu and the IIFO method for costing inventory. Which alternative produs company is considering a purchase of 10,000 cases at S1S per case Pro cash flow as just nsequences 2. The con year end. What effect on net income and on cash flow will t chase have under each methe od? (Him: what are the income tax conec. Mnet" , LO4 Perpetual I nventory System and Inventory Costing Methods EGA. Refer to the data provided in B4A. 1. Using the perpetual inventory system, compute the cost of ending inver of goods sold, and gross margin. Use the average cost, FIFO, aLIEy, o costing methods. (Round unit costs to the nearest cent.) 2. ACCOUNTING CONNECTION Explain the reasons for the differences in gin produced by the three methods Periodic and Perpetual Systems and Inventory Costing Methods E7A. During July 2014, Micanopy, Inc., sold 500 units of its product Empire for 2.4 S8 The following units were available: Units Cost Beginning inventory Purchase 1 Purchase 2 Purchase 3 Purchase4 4 80 120 300 180 12 A sale of 500 units was made after purchase 3. Of the units sold, 200 came from berin ning inventory and 300 came from purchase 3. ds available for sale and ending inventory in units. Then case During! 2014, ipurcha at Sis per was 30 ercenr 1, Uing the inventory caN. Operating expenses were so duces the 1 the periodic inventory system, compute net income using the Fu and the IIFO method for costing inventory. Which alternative produs company is considering a purchase of 10,000 cases at S1S per case Pro cash flow as just nsequences 2. The con year end. What effect on net income and on cash flow will t chase have under each methe od? (Him: what are the income tax conec. Mnet" , LO4 Perpetual I nventory System and Inventory Costing Methods EGA. Refer to the data provided in B4A. 1. Using the perpetual inventory system, compute the cost of ending inver of goods sold, and gross margin. Use the average cost, FIFO, aLIEy, o costing methods. (Round unit costs to the nearest cent.) 2. ACCOUNTING CONNECTION Explain the reasons for the differences in gin produced by the three methods Periodic and Perpetual Systems and Inventory Costing Methods E7A. During July 2014, Micanopy, Inc., sold 500 units of its product Empire for 2.4 S8 The following units were available: Units Cost Beginning inventory Purchase 1 Purchase 2 Purchase 3 Purchase4 4 80 120 300 180 12 A sale of 500 units was made after purchase 3. Of the units sold, 200 came from berin ning inventory and 300 came from purchase 3. ds available for sale and ending inventory in units. Then