Units Copy Centre Les laser printers. The company started the year with containers of ink (weighted average cost of $0.10 each, FIFO cost of $8.50 each. During the year, Units Copy Centre purchased 720 containers of ink at $10.00 each and sold 610 units for $20.00 each. The company pad operating expenses throughout the year, a total of $3,800 units Copy Centre's income statement excluding the effects of income tax under each of the weighted average cost and FIFO inventory costing method is given Units Copy Centre is a corporation subject to a 10% income tax Click the icon to view the income statement.) Compute Units Copy Centre's ncome tax expense under the weighted average cost and PFO inventory conting methods. Which method would you select to (8) marimire income before tax and (b) minimize income tax expense? Units Copy Centre Lid. Income Statement For the Year Ended December 31, 2017 Weighted Average Cost FIFO Sales revenue $ 12.2005 12.200 Cost of goods sold 6039 5.974 Grosso 6,161 5 Operating expenses 3.500 3,500 Net income before tax 5 2,6515 2,720 Income tax expense Which method would you select to maximize income before tax and (minime income taxe (a) The income before awes is maximized by using the method of inventory costing $ () The income taxes are minimized by using the method of inventory costing Enter any number in the edit fields and then continue to the next question i Income Statement Units Copy Centre Ltd. Income Statement For the Year Ended December 31, 2017 FIFO Weighted Average cost 12,200 $ 6,039 Sales revenue $ 12,200 5,974 Cost of goods sold Gross profit $ $ 6,161 3,500 Operating expenses 6,226 3,500 Net income before tax $ 2,661 $ 2,726 mil Print Done method of inventory costing. estion