Ein Company began operations in February 2019. Eins accounting records provide the following data for the remainder of 2019 for one of the items the company sells:

Activity	Units	Purchase Price (per unit)	Sale Price (per unit)
Beginning inventory	9	$58
Purchase 1, Feb. 15	6	72
Purchase 2, Mar. 22	8	80
Sale 1, Apr. 9	10		$150
Purchase 3, May 29	9	86
Sale 2, July 10	15		150
Purchase 4, Sept. 10	8	96
Sale 3, Oct. 15	12		150

Ein uses a perpetual inventory system. All purchases and sales were for cash.

1. Prepare the journal entries to record these transactions assuming Ein chooses to use the FIFO method.

2. Conceptual Connection: Which method would result in the lowest amount paid for taxes?