Waterway Company had 130 units in beginning inventory at a total cost of $14,300. The company purchased 260 units at a total cost of $36,400. At the end of the year, Waterway had 60 units in ending inventory. (a) Compute the cost of the ending inventory and the cost of goods sold under FIFO, LIFO, and average-cost. (Round average-cost per unit and final answers to 0 decimal places, e.g. 1,250.) Which cost flow method would result in the highest net income? eTextbook and Media Attempts: 0 (C) Which cost flow method would result in inventories approximating current cost in the balance sheet? Which cost flow method would result in Waterway paying the least taxes in the first year