(Accounting) Only answer if you know how to do this correctly. Correct answers will get

Up-to-Date Electronic Center began October with 100 units of merchandise inventory that cost $70 each. During October, the store made the following purchases: 3(Click the icon to view the purchases.) Up-to-Date uses the periodic inventory system, and the physical count at October 31 indicates that 130 units of merchandise inventory are on hand. Read the requirements. Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the October financial statements using the FIFO, LIFO, and weighted average inventory costing methods. FIFO LIFO Weighted average Ending inventory Cost of goods sold Requirement 2. Sales revenue for October totaled $26,000. Compute Up-to-Date's gross profit for October using each method. FIFO Cost LIFO Cost Weighted average Gross profit Requirement 3. Which method will result in the lowest income taxes for Up-to-Date? Why? Which method will result in the highest net income for Up-to-Date? Why? The method will result in the lowest income taxes because under this method, company's gross profit is the Which method will result in the highest net income for Up-to-Date? Why? The method will result in the highest net income because under this method, company's gross profit is the average-cost Data Table LIFO FIFO Oct. 3 35 units @ $ 82 each 12 45 units @ $ 84 each 18 75 units @ $ 90 each Enter any number in the edit fields ? Print Done