Orion iron Corporation tracks the number of units purchased and sold throughout each year but apples its inventory costing method at the end of the yeat, as if is uses a periodic inventory syatem. Assume its accounting records provided the following information at the end of the annual accountiny period, December 31 Required: 1. Calculate the number and cost of goods avoitable for sale 2. Calculare the number of units in ending inventory. 3. Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LF O, and ( c weighted average cost. 4. Prepare an income statement that shows under the FIFO method, LFO method and weightod average method 6. Which inventory costing method minimizes income taxos? Complete this question by entering your answers in the tabs below, Calculate the number and cost of poods avalable for sale. Complete this question by entering your answers in the tabs below. Calculate the number of units in ending inventory. Prepare an income statement that shows under the FIFO method, LIFO method and weighted average method. Which inventory costing method minimizes income taxes? 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 n round intermediate calculations. Round your final answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. Prepare an. Income Statement that shows under the FIFO method, LIFO method and weighted average method