Comparbon of inventary Costing Methods-Perpetuel Systere (Apoentix) Eitien Combary's inventory recorts show 604 units an hand on Octotet 1 with a unit cost of 55 each. The feliewing tramasetions oeeurred during the menth of Detaber: Pequlred: reund al other calculations and your final aniwers to the nearest dolar. Butten Company 2. What does the Total column represent? Cost of goods available for sale Feedback Check My Work Was your total column the same for all three methods? 3. Prepare income statements for each of the three methods. When required, round your answers to the nearest dollar. 4. Will the company pay more or less tax if it uses FIFO rather than LIFO? 4. Will the company pay more or less tax if it uses FIFO rather than LIFO? How much more or less? $