Please answer the question 3, 4

Files 16:51 Mon 13 Dec 38%

16:S1 Mon 13 D Home AC121 cnapter 10 A"ign Insert Draw Review Vien Calibri 12 ABC co. uses a FIFO perpetual inventory system. Calculate ABC CO.'s cost Of merchandise sold for the month if the company has the following purchases and sales. 3. 4. D ate May 1 18 Beginning Inventory Purchase Sale of 15 units Sale of 5 units units COSt/Unit Total Cost S 140 $224 Winters would like to reduce its income tax expense for the upcoming years b,' decreasing the companvs net income. What type of inventory cost system should the company use in each situation? The price of the merchandise inventory is increasing, The price of the merchandise inventory is decreasing