Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost. (Round av e.g. NT$45.) FIFO Average cost The cost of the ending inventory NT$U 606,402 NT$1 584,748 The cost of goods sold NT$ 1,732,594 NT$ 1,754,244 Which cost flow method would result in the higher net income? FIFO method would result in the higher net income. SHOW SOLUTION LINK TO TEXT (c) Your answer is correct. Which cost flow method would result yn inventories approximating current cost in the statement of financial position? FIFO method would result in inventories approximating current cost in the statement of financial position. Which cost flow method would result in Tamarisk paying fewer taxes in the first year? method would result in Tamarisk paying lower taxes in the first year