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 perlodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting perlod, December 31. Unit Transactions Units Cost 4,eee $18 a. Inventory, Beginning For the year b. Purchase, March 5 c. Purchase, September 19 d. Sale, April 15 (sold for $63 per unit) e. Sale, October 31 (sold for $66 per unit) f. Operating expenses (excluding incone tax expense), $595,ee0 10,eee 6,008 4,108 9,e0e 19 21 Required: 1. Calculate the number and cost of goods avallable 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) welghted 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