i need help please

Case: Palm Republic imports and retails diverse and unique fine furniture. The furniture is purchased from various supplies based in China and imported to Australia. To assist with expansion plans, you have been invited to invest in the business. You have been provided with the information below to assist in the decision to invest in the business, Income Statement Palm Republic Year ending 30 June 2020 Sales revenue 670,000 COGS (250.500) Gross profit 419,500 Operating expenses: Salaries expense (110 000) Rent expense (145,000) Bad debts expense (670] Interest expense [150) Net profit 163,680 You have done some research about the business and have identified the following information about the accounting choices: 1. Palm Republic is using the moving average inventory costing method. The business has used this method to determine cost of goods sold since inception in 2014. 2. Palm Republic sell all products on credit to customers and informs customers at the time of invoice that they are required to pay in 14 days. Customers have historically been very reliable in payment and so bad debt expenses have been very low. The business has therefore used the direct write off method to account for bad debts. Question 5.1: Due to changes in consumer demand over the last 6 months, the cost of more recent purchases of inventory has decreased significantly. Based on the change in inventory cost, which inventory costing method has the highest, lowest or middle Cast of goods sold? # Gross profit? Ending Inventory? Arower this question by selecting the following words below with one of the following words: Highest Middle Lowest FIFO LIFO Moving average Cost of goods sold Gross profit Ending inventory