PB7-1 (Algo) Analyzing the Effects of Three Alternative Inventory Methods in a Periodic Inventory System [LO 7.3] Mojo Industries tracks the number of units puichased and sold throughout each accounting perlod but apples its inventory costing method at the end of each period; as if is uses a periodic irventory system. Assume its accointing reconds provided the following Information at the end of the occounting period, January 31 . The invertory s selling price is $10 per unit. Required: 1. Compute the amount of goods avauble for sale, ending imentory, and cost of goods sold ar January 31 under each of the following inventory costing methods: o. First in, first out b. Lastin, fistout. c. Specific identificotion, assuming that the fanuary 10 sale was from the beginning imventary and the Janiary 17 sale was from the January 12 pirchose 2-0, Of the three methods, which will fesult in the hichest gross profit? 2b, Of the three methods, with will result in the fowestincome taxes? Complete this question by entering your answers in the tabs below. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the inventory costing methods. (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Complete this question by entering your answers in the tabs below. Of the three methods, which will result in the highest gross profit? Complete this question by entering your answers in the tabs below. of the three methods, which will result in the lowest income taxes