Question: can i please get help with this one please? Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies

Gladstone Limited tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the annual accounting period, December 31 . Required: 1. Compute the amount of goods available for sole, ending inventory, and cost of goods sold at December 31 , under each of the following inventory costing methods. For Specific identification, assuming that the March 14 , sale was selected two-fifths from the beginning inventory and three-fifts from the purchase of January 30. Assume that the sale of August 31 , was solected from the remainder of the beginning inventory, with the balance from the purchase of May 1 . (Do not round Weighted average cost per unit. Pound your final answers to the nearest dollar amount.) 2-a. Of the three methods, which will result in the highest gross profit? Weighted average cost First-in, first-out Specific identification 2-b. Of the three methods, which will result in the lowest income taxes? Weighted average cost First-in, first-out Specific identification
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