Please help me answer Req1C and Req1D

you have completed so far. It does no Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos 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. Transactions Units Unit Cost 2:30 $ 23 Beginning inventory, January 1 Transactions during the year: a. Purchase on account, March 2 b. Cash sale, April 1 ($39 each) 370 25 (380) c. Purchase on account, June 30 280 29 d. Cash sale, August 1 ($39 each) (80) TIP: Although the purchases and sales are listed in chronological order, Scrappers determines the cost of goods sold after all of the purchases have occurred. Required: 1. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 under each of the following inventory costing methods: (Round "Cost per Unit" to 2 decimal places.) a. Last-in, first-out. b. Weighted average cost c. First-in, first-out d. Specific identification, assuming that the April 1 sale was selected one-fifth from the beginning inventory and four-fifths from ti purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30. 2. Of the four methods, which will result in the highest gross profit? Which will result in the lowest income taxes? Answer is not complete. Complete this question by entering your answers in the tabs below. Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Req 1D Reg 2A Reg 28 c. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 using th FIFO method. (Round "Cost per Unit" anwers to 2 decimal places.) FIFO (Periodic) Units Cost per Unit Total Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold Ending inventory 0 0 Rey 18 S 0 0 0 Song 11) D Reg 1A Reg 18 Req 1C Reg 1D Reg 2A Reg 28 d. Compute the cost of goods available for sale, cost of ending inventory, and cost of goods sold at December 31 usil Specific identification method. Assume that the April 1 sale was selected one-fifth from the beginning inventory and from the purchase of March 2. Assume that the sale of August 1 was selected from the purchase of June 30. (Round Unit" anwers to 2 decimal places.) Sho Specific Identification (Periodic) Units Cost per Unit Total Beginning Inventory Purchases March 2 June 30 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from March 2 Purchase Units from June 30 Purchase Total Cost of Goods Sold Ending Inventory 10 K BHERC IS 0 0 REZZA D