The transactions below are for Product A occurred during March:           Date                       Product A        Units   Cost($) Mar. 2                        Purchase                   1        $  68 Mar. 14                          "                                 1             73 Mar. 28                          "                                  1             75 Mar. 30                      Sale                               1           118   A.  The company uses the periodic method for accounting for inventory. Calculate the following (a) through (f):                                                                                   Cost of Ending                                           Gross Profit             Inventory FIFO                                    (a)                                  (b) LIFO                                    (c)                                   (d) WTD AVG                        (e)                                   (f)   B.  Which method gives the highest income? C.  Which method saves the most taxes?

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A:

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