Question: Prepare a table with four columns that shows the ending inventory and cost of goods sold for each of the results from your calculations in

Prepare a table with four columns that shows the and cost of goods sold for each of the results from your calculations in SE2 through SE5, including the effects of the different prices at which the merchandise was purchased. Which method(s) would result in the lowest income taxes?
In SE2, Assume the following data with regard to inventory for Vegan Company:

In SE5, Using the data in SE2, calculate the cost of ending inventory and cost of goods sold according to the LIFO method under the periodic inventorysystem.

Aug. Inventory 40 units @ $10 per unit 400 550 420 $1,370 8 Purchase Purchase 50 units $11 per unit 35 units @$12 per unit 22 Goods available for sale 125 units 45 units 25 units 55 units Aug. 15 Sale 28 Sale Inventory, Aug. 31

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