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5 Out 2 Courtney Company uses a periodic invers. The towing data 2000 purchases. 4800 a $15 operating expenses reciding income 100.000 de December 311500
5 Out 2 Courtney Company uses a periodic invers. The towing data 2000 purchases. 4800 a $15 operating expenses reciding income 100.000 de December 311500 units sales price per un and everage contacte Required: 1. Prepare incontestatements under the FFO UFO, and weighted average couting methon De not round Intermediate calculations. Round your final answers to the nearest dollar amount Income LIFO Wege 0 0 Cost Goods Gross Pro Operating Incone drome Income Tax Expense Netice D FO Ae Costa Gott Beginning Purches Goose Ending Coat of Goods 05 1 1 5 2 Doints Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 2,700 units at $30; purchases, 4,800 units at $35; operating expenses (excluding income taxes) $100,000; ending inventory per physical count at December 31, 1.600 units, sales price per unit, $60; and average Income tax rate, 30% Required: 1. Prepare income statements under the FIFO, LIFO, and weighted average costing methods. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Skipped eBook Income Statement Inventory Coating Method FIFO LIFO Weighted Average Units Hint - References 0 0 0 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income D 0 0 $ 0 $ 0$ 0 Units FIFO LIFO Weighted Average "Cost of Goods Sold Equation Beginning Inventory Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold 0 0 0 O 05 05 0 $ O
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