Thai Smal Company has the following August purchases and sales data Date Actviities Units Acquired at Cost Units Sold at Retail Aug-01 150 units @ $7.00 *** ... Beginning Inventory Sales Purchases Sales Purchases 220 units @ $6.00 Aug-10 Aug-20 Aug-25 Aug-301 1,050 90 units @ $15 1.320 145 units @ $15 450 RE . seves 90 units @ $5.00 Total 460 units 2,820 235 units TASK Calculate the ending inventory balance, and cost of goods sold, using; (For specific identification, ending inventory consists of 225 unts, where 90 units are from the Aug 30 purchase, 80 are from the Aug 20 purchase, and 55 from the beginning inventory.) a) Specific Identification b) Averag Cost method c) FIFO d) LIFO e) Prepare a comparative income statement for the month of August for Thai Smal Company for the four inventory methods. Expenses are $1,600, and income tax rate is 30%. f) Which method has the highest net income