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(2) Heller Bottling Company began business in 2011. Inventory units purchased and sold for the first year of operations and each of the following four years follow: 2011 2012 2013 2014 2015 10,000 12,000 5,000 10,000 2,000 $12 $16 $18 $21 $23 5,000 16,000 2,000 10,000 6,000 Inadequate cash flows forced the company to cease operations at the end of 2015 a. Compute cost of goods sold for each of the five years if the company uses the following: a. LIFO b. FIFO c. Averaging cost flow assumption b. Does the choice of a cost flow assumption affect total net income over the life of a business? Explain. If the choice of a cost flow assumption does not affect net income over the life of a business, how does the choice of LIFO give rise to a tax benefit? c