Urgent Help Please!!

Question 1: Calculate number of units sold: Remember: Beginning Inventory (units) + Units Purchased Units Sold = Ending Inventory (units)

Question 2: Calculate FIFO COGS:

Question 3: Calculate FIFO Ending Inventory:

Question 4: Calculate WACM COGS:

Question 5: Calculate WACM Ending Inventory:

Question 6: If managements goal is to pay the lowest amount of income tax, which method should it choose?

G3 Ltd. sells a very popular calculator called the T22X2. The calculator is in high demand and G3's supplier has been gradually increasing the price of this product. Using the following information about T22X2 calculator inventory, calculate the number of units sold in the year. Then, use the information to calculate the cost of goods sold for calculators and cost of ending inventory for the year using the first-in, first-out method (FIFO) and then using the weighted average cost method (WACM). Finally, please answer the question listed at the end in Requirement 6. For Requirements 4 & 5, please show your calculations as partial marks may be available. Note: When calculating your WACM items, please round to 2 decimal places for your unit cost and then continue with your calculation. Round all final answers to the nearest dollar. Answers within a dollar or two due to rounding will still be marked correct. Cost per Beginning inventory - Jan. 1 Purchase - April 5 Purchase - August 11 Sales (for the year) Ending inventory - Dec. 31 Units (Calculators) Unit Total Cost 50 $ 5 $ 250 100 $ 7 $ 700 150 $ 10 $ 1,500 ? ? 100 ? ? ?? n. n