Orion Iron Corporation tracks the number of units purchased and sold throughout each year but appilies its inventory costing method ot the end of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31. Required: 1. Calculate the number and cost of goods availabie for sale. 2. Calculate the number of units in ending inventory. 3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LiFO, and (c) weighted average cost. 4. Prepare an income statement thot shows under the FIFO method, LIFO method and welghted average methed. 6. Which inventory costing methop minimizes income taxes? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LiFo, and (c) weighted average coit ((Do not round intemediate caiculations. Round your finar answers to the nearest dellar amoont) (2) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost. (Do net round intermediate calculations. Round your final answers to the nearest dollar amount: Prepare an Income Statement that shows under the FIFO method, Lifo methnd and weighted average mencod