corporate financial accounting accounting 5100 please label each answer and show work

Mercy Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the accounting period, January 31, 2020. The inventory's selling price is $9 per unit. Transactions Unit Cost Units Total Cost Inventory, January 1, 2020 $2.50 250 $625 Sale, January 10 (200) Purchase, January 12 3.00 300 900 Sale, January 17 (150) Purchase, January 26 4.00 80 320 Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31, 2020, under each of the following inventory costing methods: a. Weighted average cost. b. First-in, first-out. c. Last-in, first out 2. Of the three methods, which will result in the highest gross profit? Which will result in the lowest income taxes