This is Comprehensive Problem 2. Can someone complete this for me?

Comprehensive Problem 2: Merchandising This problem has a value of 10% of the final grade. TsIzzWe (Ts) is a company that purchases T shirts from the manufacturer, Frootyluums (Frooty) and sells them to college students through the college bookstore, Rskoolstore (RSkool). Ts has hired you to be the accountant for the company. PART 1: 10% of grade Ts is concerned about paying taxes and has asked you to explain which inventory flow system would be the best one to use to minimize the taxes that are paid on the profits. Based upon this request, which one would you recommend? Support your position by explaining the differences of the inventory flow systems. PART 2: 80% of grade Ts has decided to follow your advice and use the inventory flow method that you recommended with its perpetual inventory system. Using the data provided for transactions that occurred during August, determine the Gross Profit at the end of the period. PART 3: 10% of grade Ts had used the periodic inventory system prior to switching to the perpetual inventory system. Using the data provided for transactions that occurred during that time, determine the Gross Profit for that period using the Average Cost Inventory Flow Method. Page 1 of 1 Comprehensive Problem 2 - PART 3: Periodic Data Ts performed a manual count on May 31st. Ts used the Periodic Average Cost Inventory Method Using the following data, determine the Gross Profit for Ts during the month of May. During the month of May, Ts sold Long Sleeve Blue Shirts for $7.50 Ts sold Short Sleeve Blue Shirts for $6.50 May 1: Inventory Balance: Long Sleeve (LS)Blue Shirts: 180 @ $3 Inventory Balance: Short Sleeve (SS) Blue Shirts:55 @ $2 May 5 Purchase: May 5 Purchase: May 9 Purchase: May 13 Purchase: May 15 Purchase: May 20 Purchase: May 24 Purchase: May 27 Purchase: May 30 Purchase: May 30: 40 LS Blue @ 3.50 25 SS Blue @ 2.25 100 LS Blue @ 3.70 300 SS Blue @ 2.40 200 SS Blue @ 2.42 50 SS Blue @ 2.45 144 SS Blue @ 2.50 300 SS Blue @ 2.52 250 LS Blue @ 4.00 Inventory Balance: Long Sleeve Blue Shirts: Inventory Balance: Short Sleeve Blue Shirts: Page 1 of 1 195 124 Comprehensive Problem 2 - PART 3: Periodic Data Ts performed a manual count on May 31st. Ts used the Periodic Average Cost Inventory Method Using the following data, determine the Gross Profit for Ts during the month of May. During the month of May, Ts sold Long Sleeve Blue Shirts for $7.50 Ts sold Short Sleeve Blue Shirts for $6.50 May 1: Inventory Balance: Long Sleeve (LS)Blue Shirts: 180 @ $3 Inventory Balance: Short Sleeve (SS) Blue Shirts:55 @ $2 May 5 Purchase: May 5 Purchase: May 9 Purchase: May 13 Purchase: May 15 Purchase: May 20 Purchase: May 24 Purchase: May 27 Purchase: May 30 Purchase: May 30: 40 LS Blue @ 3.50 25 SS Blue @ 2.25 100 LS Blue @ 3.70 300 SS Blue @ 2.40 200 SS Blue @ 2.42 50 SS Blue @ 2.45 144 SS Blue @ 2.50 300 SS Blue @ 2.52 250 LS Blue @ 4.00 Inventory Balance: Long Sleeve Blue Shirts: Inventory Balance: Short Sleeve Blue Shirts: Page 1 of 1 195 124