Scroppers Supplies trocks the number of units purchosed and sold throughout each occounting period but opplies its inventory costing method ot the end of eoch period, os if it uses a periodic inventory system. Assume its occounting records provided the following information of the end of the onnusl accounting period, December 3t. TIP: Although the purchases and sales are listed in chronological order, Scroppers determines the cost of goods sold after all of the purchases hove occurred. Required: 1. Compute the cost of goods ovailable for sole, 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 thot the April 1 sole wos selected one fith from the beginning inventory and four-fiths from the purchase of Morch 2 Assume thot 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. c. Compute the cost of goods available for sale, cost of ending inventorn, and cost of goods scld at December 31 using the FtFo method. (fiound "Cost per Unit' anwers to 2 dedimal places.)