1. Starbucks Corporation uses the FIFO method for inventory valuation. For the fiscal year ended September 30, 2023, the following data is provided:

Inventory Details	Units	Cost per Unit ($)
Beginning Inventory	10,000	$5.00
Purchases
- January 1	20,000	$5.50
- July 1	30,000	$6.00
Sales
- Units Sold	45,000
Ending Inventory	15,000

1. a. Calculate the cost of goods sold (COGS) using the FIFO method for Starbucks. b. Determine the value of ending inventory using the FIFO method. c. Discuss how FIFO impacts Starbucks’ income statement for the fiscal year. d. Analyze the implications of FIFO on Starbucks’ financial ratios such as gross profit margin. e. Evaluate the strategic advantages of using FIFO in Starbucks’ global inventory management.