The records of Armstrong Aviation is for our formentory of ato para Jay 31 of the content your om Click the tower) Read the Requirement 1. Prepare a portal income strumene trouga gross proft under nag. FFO and LFO methods. Round recent per unit to a decina pon and all other amounts in a snarest solar. Armstrong Aviation Partia constant Year Ended 31 erage cost FFO LIFO 132270 13210 132270 Cost of goods sold 64 525 20.000 Grosso 123210 Requirement 2. Which invertory method would you une to come? Explain why come to the lowest Use the method to contact of goods Night out onder Whanno ore Data Table 1 Balance 700 units @ $ 6.00 $ wg Nov @ $ 7.00 Inventory 4,200 2,800 63,000 4,000 5 Purchase 400 units 24 Purchase 8,400 units 8 Purchase 500 units Jan @ $ 7.50 Apr @ $ 8.00 Sales Revenue Jul 31 9,060 units $132,276