Please help me answer these questions. I am very stumped

5 Scoresby inc tracks the number of units purchased and sold throughout each year but applies its inventory costing method at 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 Dots inst Cost $20 4,000 Transactions 2. Iventory. teginning For the year b. Purchase, hirch 5 c. Purchase, September 19 d. Sole, April 15 (sold for $65 per unit) e. Sale, October 31 sold for $68 per unit) 7. Operating expenses (excluding income tax expense), 3610,000 23 16,0021 6.000 4,400 9,000 Required: 1. Calculate the number and cost of goods available for sale 2. Calculate the number of unitsin ending inventory 3. Compute the cost of ending inventory and cost of goods sold under a FIFO. ILIFO, and o weighted average cost 4. Prepare an income statement that shows the FIFO method, LIFO method and weighted average method 6. Which inventory costing method minimizes income taxes Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required * Recured 6 Calculate the number and cost of goods available for sale Number of Goods Available for Sale Cast of Good Alle for Sale Required 2 > of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following in the annual accounting period, December 31 Units 4,000 Unit Cost $20 Transactions a. Inventory, Beginning For the year: b. Purchase, March 5 c. Purchase, September 19 d. Sale, April 15 (sold for $65 per unit) e. Sale, October 31 (sold for $68 per unit) f. Operating expenses (excluding income tax expense), $610,000 23 10,000 6,000 4,400 9,000 Required: 1. Calculate the number and cost of goods available 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 avera 4. Prepare an income statement that shows the FIFO method, LIFO method and weighted average method. 6. Which inventory costing method minimizes income taxes? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Calculate the number of units in ending inventory. Ending Inventory 6,600 units Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at of the year, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the e the annual accounting period, December 31 Units 4,000 Unit Cost $20 Transactions . Inventory, Beginning For the year: b. Purchase, March 5 C. Purchase, September 19 d. Sale, April 15 (sold for $65 per unit) e. Sale, October 31 (sold for $68 per unit) f. Operating expenses (excluding income tax expense), $610,000 10,000 6,000 4,400 9,000 Required: 1. Calculate the number and cost of goods available 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 that shows the FIFO method, LIFO method and weighted average method. 6. Which inventory costing method minimizes income taxes? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Require3 Required 4 Required 6 Compute the cost of ending inventory and cost of goods sold under (a) FIFO. (6) LIFO, and (c) weighted average cost. Cost of Ending Cost of Goods Inventory Sold $ 146,400 $ 898,000 FIFO LIFO Weighted Average Cost Required: 1. Calculate the number and cost of goods available for sale 2. Calculate the number of unitsin ending inventory 3. Compute the cost of ending inventory and cost of goods sold under faj FIFO, (b) LIFO, and (c)weighted average cost 4. Prepare an income statement that shows the FIFO method, LIFO method and weighted average method 6. Which inventory costing method minimizes income taxes? Paint Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 6 Prepare an income statement that shows the FIFO method, LIFO method and weighted average method. SCORESBY INC. Income Statement For the Year Ended December 31 FIFO LIFO Weighted Average S4 Income (Loss) from Operations Required 3 Required 6 >