1. Compute the Ending Inventory and Cost of Goods Sold using FIFO, LIFO and Weighted Average. 2. Complete the Income Statement 3. Show all your work Operating Expenses are $150,000 Inventory Available: Purchase Date Quantity Price Total Begin 6,000 $3.00 Quarter 1 45,000 $3.20 Quarter 2 35,000 $3.45 Quarter 3 20,000 $3.50 Quarter 4 12,000 $3.65 || Total Sales: Sales Date Quarter 1 Quarter 2 Quantity 35,000 40,000 * Price Total $5.00 = $5.20 = Quarter 3 15,000 $5.25 = Quarter 4 8,000* $5.25 = Total Ending Inventory in units