Desi Firangi, a newly established retail store specializing in beach apparel, has the following formation related to purchases and sales of one of its more popular products, Crocs brand oes. (Each inventory layer is a different colour.) ther expenses include factory lighting of 10,000; SGA exp. of 15000, and the applicable ncome tax rate is 30%. Based on the information given, determine the cost/value of inventory on hand as of June 1 st and the COGS for the month of June under (a) FIFO, (b) LFO, and (c) Wt. Average Cost using a periodic inventory management system 26=12+3=10 Marks