Question 2 Consider the purchase and sales record of the item Jetson TX2 controller Unit Jetson TX2 Controller Cost ($) Price ($) Nov 1 Beginning Inventory 200 3500 Nov 6 Sale 180 5200 Nov 12 Purchase 210 3900 Nov 24 Sale 150 5400 Nov 27 Sale 40 5400 Nov 30 Purchase 140 4000 a) Calculate the cost of goods sold, quantity and value of the ending inventory of the period based on the FIFO and LIFO inventory cost (valuation) method. (14 marks) b) Evaluate the Gross profit of the period of October based on FIFO and LIFO cost method. (4 marks) c) Based on the result in section b) or otherwise, discuss how these two valuation methods affect the payable tax generated from the transcations. (7 marks)