Page Five Part 2- Problem #3: Inventory Valuations: This problem is worth 5 points. Use the space below for your answer. Show all computations in order to receive full credit. GoMatt, Inc.'s best selling item is the Double-Deluxe vibrating chair. The purchase information regarding this item for the current year is listed below: Date # Units Unit Cost Total Cost 1/10 25 $ 350 S 8,750 3/15 30 $ 375 11,250 5/25 40 $ 400 16,000 8/28 20 $ 420 8,400 10/16 30 $ 450 13,500 12/27 20 $ 475 9.500 Total 165 $ 67.400 Sales for the year were 120 units. Required: 1) How many units are left in the inventory? 2) Calculate the ending inventory value using: a) FIFO b) LIFO c) Average Cost 3) Which inventory method would result in paying the highest amount of income taxes