11. The Petrowski Company uses the perpetual inventory system. Company has the following data available for the month of January The Petrowski Jan. 1 Jan. 9 Jan. 10 Jan. 15 an. 18 an. 24 Jan. 30 ginning inventory Purchase Sale S120 S140 $160 200 400 300 100 10 Sale Purchase 1. Determine the Cost of Goods Sold for January using the following methods: FIFO LIFO Moving-average (Round per unit costs and all other dollar amounts to two decimal places.) a. b. c. 2. Assume that the unit sales price for the goods is $500. Further, assume that sales commissions are $10 per unit and general expenses are $10,000. Prepare an income statement for each cost method. COCS nding Ino oo) 3 32-0 un Io t00 X 100 t0ovIo 06 1 2034,0001400 lis 3001 X 140:42,000 an . I 8 00X120tlook 38,o00 (300-10) 290 x 140 + 100 xIGO SG,o Ending nv COCS s300 100x10100 kite: aco x120.24, oco Dan is 300x140 42,000 ,000 /Jan . Io 00 100x100 +100X110 S- 00 +100x140:26,000 D 100 -100X140 f90K 160 IG GOO 50, 400 G,GOO c Moving -average Ending Inventory