Using Table 8-1 as an example, prepare a table with four columns that shows the ending inventory

Question:

Using Table 8-1 as an example, prepare a table with four columns that shows the ending inventory and cost of goods sold for each of the results from your calculations in SE 3 through SE 6, including the effects of the different prices at which the merchandise was purchases. Which method(s) would result in the lowest income taxes?

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...