$a^{a_d}{a}_{s_{{\displaystyle \underset{?}{\overset{?}{}}}e}}$

p$6-4$A$.$

systory Costing Methods$-$Periodic Method Chou Sales Corporation uses the periodic inventory of purchases and sales during the year follows:

$\backslash$table$[[$Feb$.2,$Unit Cost,Units Purchased,Units Sold$],[$Apr$.6,,,400],[$July $10,$$$22,1,800,400],[$Aug$.9,,,1,600],[$Oct$.23,25,800,],[$Dec$.30,28,1,400,800]]$

Required

a$.$ Assume that Chou uses the first$-$in$,$ first$-$out method. Compute the cost of goods sold for the year and the ending inventory balance at December $31$ for product A $.$

b$.$ Assume that Chou uses the last$-$in$,$ first$-$out method. Compute the cost of goods sold for the year and the ending inventory balance at December $31$ for product A $.$

c$.$ Assume that Chou uses the weighted$-$average cost method. Compute the cost of goods sold for the year and the ending inventory balance at December $31$ for product A $.$

d$.$ Assuming that Chou's products are perishable items, which of the three inventory costing methods would you choose to:

Reflect the likely goods flow through the business?

Minimize income taxes for the period?

Report the largest amount of net income for the period? Explain your answers.