I'm not understanding 1.

and the LIFO method for costing mveltU cash flow? 2. The company is considering a purchase of 10,000 cases at S15 per case the year end. What effect on net income and on cash flow will this chase have under each method? (Hint: What are the income tax conseq Perpetual Inventory System and Inventory Costing Methods E6A. Refer to the data provided in E4A I. Using the perpetual inventory system, compute the cost of ending inve of goods sold, and gross margin. Use the average-cost, FIFO, and LIFO in costing methods. (Round unit costs to the nearest cent.) 2. ACCOUNTING CONNECTION Explain the reasons for the differences in gross Periodic and Perpetual Systems and Inventory Costing Methods The following units were available: gin produced by the three methods. E7A. During July 2014, Micanopy, Inc., sold 500 units of its product Empire for