NashCompany Ltd. had103units in beginning inventory at a total cost of NT$314,871. The company purchased206units at a total cost of NT$706,786. At the end of the year, Nash had77units in ending inventory.

Compute the cost of the ending inventory and the cost of goods sold under FIFO and average-cost.

Which cost flow method would result in the higher net income?

Which cost flow method would result in inventories approximating current cost in the statement of financial position?

Which cost flow method would result in Nash paying fewer taxes in the first year?