This is all the information for the question.

The choices for the first blank are:

increasing

constant

decreasing

The choices for the second blank are:

LIFO

FIFO

average cost

Please solve ALL the requirements!!! thank you.

MAC Industries, Inc., completed the following inventory transactions during the month of March: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Without resorting to calculations, determine which inventory method will result in MAC Industries, Inc., paying the lowest income taxes. In times of inventory prices, as is the case here, the method will result in MAC Industries, Inc., paying the lowest income taxes. - X - X Data table Requirements Date Item Quantity Unit Cost 40 S 80 Mar 1 Balance 78 4 Purchase 12 Sale 60 S 97 1. Without resorting to calculations, determine which inventory method will result in MAC Industries, Inc., paying the lowest income taxes. 2. Prepare a perpetual Inventory record using FIFO. 3. Prepare a perpetual inventory record using LIFO. 4. Prepare a perpetual inventory record using average cost. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar. 77 22 Purchase 31 Sale 35 S 30 Print Done Print Done MAC Industries, Inc., completed the following inventory transactions during the month of March: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Without resorting to calculations, determine which inventory method will result in MAC Industries, Inc., paying the lowest income taxes. In times of inventory prices, as is the case here, the method will result in MAC Industries, Inc., paying the lowest income taxes. - X - X Data table Requirements Date Item Quantity Unit Cost 40 S 80 Mar 1 Balance 78 4 Purchase 12 Sale 60 S 97 1. Without resorting to calculations, determine which inventory method will result in MAC Industries, Inc., paying the lowest income taxes. 2. Prepare a perpetual Inventory record using FIFO. 3. Prepare a perpetual inventory record using LIFO. 4. Prepare a perpetual inventory record using average cost. Round average cost per unit to the nearest cent and all other amounts to the nearest dollar. 77 22 Purchase 31 Sale 35 S 30 Print Done Print Done