Tamarisk, Inc. uses the periodic inventory system and had 150 units in beginning inventory at a total cost of $18,000. The company purchased 2 10 units at a total cost of $31,500. At the end of the year, Tamarisk had 70 units in ending inventory. Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average cost per unit and final answers to decimal places, s. 1,250) FIFO LIFO Average-cost The cost of the ending inventory S The cost of goods sold Which cost flow method would result in the highest net income? e Textbook and Media Which cost flow method would result in inventories approximating current cost in the balance sheet? e Textbook and Media Which cost flow method would result in Tamarisk paying the least taxes in the first year