Question 9 IvanhoeCompany Ltd. had 147 units in beginning inventory at a total cost of NTS453,201. The company purchased 294 units at a total cost of NT$1,027,824. At the end of the year, Ivanhoe had 110 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO and average cost. Round average cost per un o 2 decima places e.g2.2 and fi a answers to 0 decima places, e. .N T$45.) NTS The cost of the ending inventory NTS The cost of goods sold NTS M1 Which cost flow method would result in the higher net income? method would result in the higher net income. Which cost flow method would result in inventories approximating current cost in the statement of financial position? method would result in inventories approximating current cost in the statement of financial position. Which cost flow method would result in Ivanhoe paying fewer taxes in the first year? method would result in Ivanhoe paying lower taxes in the first year