The management of Bramble Inc. is reevaluating the appropriateness of using its present inventory cost flow method, which is average-cost. The company requests your help in determining the results of operations for 2022 if either the FIFO or the LIFO method had been used. For 2022, the accounting records show these data: Beginning (5,000 units) Ending (17,000 units) Quarter Purchases were made quarterly as follows. 1 2 Inventories 3 4 Units 50,000 40.000 40,000 60,000 $15,000 190,000 Unit Cost $3.20 3.35 3.50 3.70 Total net sales (178,000 units) Total cost of goods purchased (190,000 units) Total Cost $160,000 134,000 140,000 222,000 Purchases and Sales $656,000 Operating expenses were $125,000, and the company's income tax rate is 40%. $916,700 656,000 D

ONLY NEED THE ANSWER TO (b4) Thank you!!!

The mansgement of Bramble Inc. kreevaluating the apgropriateness of usingits present inventory cost flow method, which is average-cost. The company requests your help in determining the results of operations for 2022 if either the FIFO or the LIFO methodhad been used. For 2022, the accounting records show these data: Purchases were inade quarterly as follow. Operating expenses were $125,000, and the company/s income tax rate is 40% Answer the following questions for management. (2) Which cost flow method (FIFO or LIFO) produces the more meaningful irventory amount for the balance sheet? (2) Which cost flow method (FIFO or LIFO) produces the more meaningful net income? (3) Which cost flow method (FIFO or LIFO) is more likely to approgimate the actual physical flow of goods? (4) How much more cash will be available for management under LIFO than under FIFO? (5) Will gross profit under the average-cost method be higher or lower than FIFO? Will gross profit under the average-cost method be higher or lower than LIFO? Prepare comparative condensed income statements for 2022 under FIFO and LFO