Of the four methods, which will result in the highest gross profit?

Of the four methods, which will result in the lowest income taxes?

Please be clear with final answers in regards to where they are placed within the chart.

Thank you

Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the accounting period, January 31. The inventory's selling price is $14 per unit. Transactions Unit Cost Units Total Cost Inventory, January 1 $5.00 310 $1,550 Sale, January 10 (200) Purchase, January 12 5.50 360 1,980 Sale, January 17 (150) Purchase, January 26 6.50 80 520 Assuming that for Specific identification method (item ld) the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Cost of Goods of Goods Available for Sale Ending Inventory Sold a. Weighted average cost b. First-in, first-out c. Last-in, first-out d. Specific identification