Eifects of Inventory Costing Methods: Beston, tric. has the following income - ament data ayallable for the year: Beston uses a perpetual inventory accounting systam and the average cost method. Berton is corsidering adopting the FiFO or Lifo method for costing invertorv. Ileatom accountant propared the following data: Effects of Inventory Costing Methods Beston, inc. has the following income statarnent data available for the year: Eeston uses a peipetual inventory accounting system and the average cost method. Benton is considering adopting the Hro or Lifo method for costing imventory Bestun's accountant prepared the following data: Gecton uses a perpetual inventory accounting system aiad the average cost method. Beston is considering adopting the FIFO or ufO method fer costing inyentork. Beston's accountant prepared the following data: 1. Compute incomie before taxes, income taxes expense, and net income for each of the throe inventory costing methods. (Round to the hiearest defiar) 2. Conceptuar Connectiont: Which method produces the most realistic amount for net income? for inventory? T che the Whon 1. Prepare ncome ntalemerts lor al lisev findiliodi..