Scoresby Inc. tracks the number of units purchased and sold throughout each year but applies to inventory costing method at the end of the year, as it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 it 1.500 et 522 Transactions .. Twentory. Beginning For the years b. Perchase, March e. Purchase, September 19 d. Sale, April is told for 567 per ) e. Sale, Otober 31 (old for 570 per unit 1. Operating expenses excluding income tax expense). 540.000 3.500 2.300 25 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 FIFODILFO, and welchted 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 4 Required 6 Compute the cost of ending inventory and cost of goods sold under (a) FIFO, (b) LIFO, and (c) weighted average cost. Cost of Ending Cost of Goods Inventory Sold FIFO UFO Weighted Average Cost