Scroppers Supplies trocks the number of units purchased and sold throughout eoch accounting period but applies its inventory costing method ot the end of eoch period, os if it uses o periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 . TIP: Although the purchoses and sales are listed in chronological order, Scroppers determines the cost of goods sold ofter all of the purchases hove occurred. Required: 1. Compute the cost of goods avoiloble for sole. cost of ending inventory, and cost of goods sold ot 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, ossuming that the April 1 sole wos selected one-fith from the beginning inventory and four-fitths from the purchase of March 2 . Assume that the sole of August I was selected from the purchase of June 30 . 2 Of the four methods, which will result in the highest gross profit? Which will result in the lowest income toxes? Complete this question by entering your answers in the tabs below. 4. Compute the cost of goods avalable for sale, cost of ending inventory, and cost of goods sold at December 31 using the Weighted average method, (Round "Cost per Unit" anwers to 2 decmal places.)