Please answer all parts $.$E$7-9($Algo$)$ Evaluating the Cholce among Three Alternative Inventory Methods Based on Cash Flow Effects LO$7-2,7-3$

Following is partial information for the income statement of Audio Solutions Company under three different inventory costing methods. assuming the use of a periodic inventory system:

Required:

Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods.

Prepare an income statement through pretax income for each method.

Sales, $322$ units; unit sales price, $$54$; Expenses, $$1,500$

Rank the three methods in order of income taxes paid $($favorable cash flow$).$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods.

Note: Round intermediate calculations to $2$ decimal places. Round your answers to the nearest whole dollar amount.

$\backslash$table$[[,$FIFO,UFO,$\backslash$table$[[$Average$],[$Cost$]]],[$Cost of goods sold$],[$Beginning inventory $(384$ units @ $$26),$$$,9,084,$$$,8,984,s,9,984],[$Purchases $(475$ units & $$34),,16,150,,16,150,,16\mathrm{.}150],[$Gopds available for sale$],[$Ending inventory $(537$ units$)],[$Cost of goods sold,,,,,,$]]$