Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system:

Required:

1. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. (Round intermediate calculations to 2 decimal places. Round your answers to the nearest whole dollar amount.)

	FIFO	LIFO	Average Cost
Cost of goods sold
Beginning inventory (395 units @ $25)	$9,875	$9,875	$9,875
Purchases (465 units @ $33)	15,345	15,345	15,345
Goods available for sale
Ending inventory (544 units )
Cost of goods sold

2/ Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods, assuming the use of a periodic inventory system:

	FIFO	LIFO	Average Cost

3. Rank the three methods in order of income taxes paid (favorable cash flow).

Please help me. I can't solve this problem with those data. Could you solve this problemm?