Scrappers Supplies tracks the number of units purchosed and sold throughout each accounting period but opplies its inventory costing method at the end of each period, os if it uses a periodic inventory system. Assume its accounting records provided the following information ot the end of the onnual accounting period. December 31 . TIP: Although the purchoses and soles are listed in chronological order, Scroppers determines the cost of goods sold ofter all of the purchoses hove occurred. Required: 1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.) a. Lost-in, first-out. b. Weighted overoge cost. c. First-in, first-out. d. Specific identification, assuming that the April 1 sale wos selected one-ffth from the beginning inventory and four-fifths from the purchase of March 2 Assume thot the sale of August 1 wos selected from the purchase of June 30 . 2 Of the four methods, which wil result in the highest gross profit? Which will result in the lowest income taxes? Complete this question by entering your answers in the tabs below. a. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using the Liro method. (found "Cost per Unil" anwers to 2 dedmal places.)