Question: (a) Using the data in E6-7, compute the cost of the ending inventory and cost of goods sold using LIFO periodic. In addition, answer instructions

(a) Using the data in E6-7, compute the cost of the and cost of goods sold using LIFO periodic. In addition, answer instructions (b), (c), and (d) from E6-7 as it relates to the three cost flow methods.
in E6-7
Thaam Company Ltd. had 100 units in beginning inventory at a total cost of NT$300,000. The company purchased 200 units at a total cost of NT$680,000. At the end of the year, Thaam had 75 units in .
Instructions
(b) Which cost flow method would result in the higher net income?
(c) Which cost flow method would result in inventories approximating current cost in the statement of financial position?
(d) Which cost flow method would result in Thaam paying fewer taxes in the first year?

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