Stock Company had 100 units in beginning inventory at a total cost of $300,000. The company bought 200 more units that cost $680,000. At the end of the year there were 75 units in ending inventory. Instructions: a) Calculate the values of Ending Inventory and Cost of Goods Sold under FIFO. (3 marks) b) Calculate the values of Ending Inventory and Cost of Goods Sold under Average-Cost. (4 marks) c) Based on the results in (a) and (b), which method would result in the higher net income? (1 mark) d) Which method would result in the value of the inventories approximating current cost in the statement of financial position? (1 mark) e) Based on the results in (a) and (b), which method would result in the company paying less taxes? (1 mark)