AutoSave aF AAGO ... Chapter 6 - Saved to my Mac Home - Insert Draw Design Layout References Mailings Review View Tell me Share Comments Liberation... v 11 X C . Ai Aav A vvv 21 Aabbccbdte AaCeDdle AaBbccc AaBECEDHE AaBb Aabe Dete 0 E Pastc Num A = B ! BI U vb x x Av tev Title Healing Ne Spain Dictate Editar Y Styles Pane Chapter 6 Application HW 10,5 points Flying Tornato sells a snowboard. WhiteOut, that is popular with snowboard enthusiasts. Preseriled below is information relating to Flying Tomalo's purchases of WhileOut snowboards Curing September. On September 27th, 121 WhiteOut Snowboards were sold at $170 each. Fying Tomato uses a perpetual Inventory system Date Explanation Units Unit Cast Total Cost Sept. 1 1 Inventory 25 $ 101 S 2,525 Sept 12 45 104 4.680 Sept. 19 Purchases 24 110 Sept. 26 Purchases 50 112 5.600 Totals 144 $ 16.445 Purchase 5 2.640 Instructione: (a) Compute the ending inventory of September 20 and cost of goods sold as of September 27th using the weighted Average, FIFO and LIFO methods. Please compute in the boxes below. 8 points b) Calculate the Gross Profit for each method. Please compute in the boxes below. 1.5 points (c) Which method will pay the highest amount of tax 1 point To carn partial credit please show your work in the boxes below. Gross Profit Ending Inventory 09/30/2022 Cost of Goods Sold 09/27/2022 Weighted Average FIFO LIFO Page 1 of 1 169 words CE X English (United States Accessit ility: Good to go 1 Focus 3 + 100%