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  3. i need a, b, c. this is all of the information the

i need a, b, c. this is all of the information the book gives ...

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Accounting

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i need a, b, c. this is all of the information the book gives
E8.17 (LO 3) (FIFO and LIFO--Periodic) Brady Sports began operations on January 2, 2020. The following stock record card for footballs was taken from the records at the end of the year. Date Voucher Units Received Unit Invoice Cost 1/15 3/15 6/20 9/12 11/24 10624 12437 21332 27614 31269 Totals Terms Net 30 1/5. net 30 1/10, net 30 1/10, net 30 1/10, net 30 50 65 90 84 $20 16 15 12 11 Gross Invoice Amount $1,000 1,040 1.350 1,008 836 76 365 $5.234 A physical inventory on December 31, 2020, reveals that 100 footballs were in stock. The bookkeeper in- forms you that all the discounts were taken Assume that Brady Sports uses the invoice price less discount for recording purchases. Instructions a. Compute the December 31, 2020, inventory using the FIFO method. b. Compute the 2020 cost of goods sold using the LIFO method. c. What method would you recommend to the owner to minimize income taxes in 2020, using the inventory Information for footballs as a guide

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