2A Accounting for inventory using the periodic inventory system- P6A FIFO, LIFO, and weighted-average, and comparing FIFO, LIFO, and weighted-average istic Electronic Center began October with 65 units of merchandise inventory Learnin Appen Futuri hat cost $82 each. During October, the store made the following purchases: 1. LIFO Oct. 3 25 units@ $ 90 each 12 30 units$90 each 18 35 units$96 each Futuristic uses the periodic inventory system, and the physical count at October 31 indicates that 80 units of merchandise inventory are on hand. Requirements for the October financial statements using the FIFO, LIFO, and weighted-average inventory costing methods. for October using each method. method will resuit in the highest net income for Futuristic? Why? 2. Net sales revenue for October totaled $28,000. Compute Futuristic's gross profit 3. Which method will result in the lowest income taxes for Futuristic? Why? Which