Comparison of Weighted Average Cost and FIFO Methods

Comparison of weighted average cost and FIFO methods
Company X and Company Y sell the same product. The cost of this product has been rising steadily throughout the year. Both companies reported the same profit for the year, although Company X used the first-in, first-out method of pricing inventory, while Company Y used the weighted average cost method.
(a) Which company's valuation of ending inventory in the statement of financial position is more likely to approximate replacement cost?
Company ______________________________
(b) Which company reports a cost of goods sold figure in the current year income statement that is more likely to reflect the replacement cost of the units sold?
Company ______________________________
(c) Which company is minimizing income taxes it must pay?
Company ______________________________
(d) Which company would have reported the higher profit for the year if both companies had used the same method of pricing inventory?
Company ______________________________