hello! I am attempting to learn the following. The data table is

Dec.

3

35

units @

$82

each

45

units @

$84

each

75

units @

$90

each

Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the December financial statements using the FIFO, LIF weighted-average inventory costing methods. FIFO LIFO Weighted-average Ending inventory Cost of goods sold Requirement 2. Sales revenue for December totaled $30,000. Compute Up - to - Date's gross profit for December using each method. FIFO Cost LIFO Cost Weighted-average Gross profit Requirement 3. Which method will result in the lowest income taxes for Up - to - Date? Why? Which method will result in the highest net income for Up - Why? The method will result in the lowest income taxes because under this method, company's gross profit is the Which method will result in the highest net income for Up - to - Date? Why? The method will result in the highest net income because under this method, company's gross profit is the