@ $7.50- la The following information relates to the inventory of Bryce Ltd during June June 1e Beginning Inventory 1 2004 units 32 Purchased 2 500 units 10 Purchased 1 300 units 12 Solde 1 500 units 17 Sold 1 750 units Solde 1 250 units @ $8.20 @ $9.80 252 Bryce Ltd uses a periodic inventory system. Ignore GST. During the month 4 500 units were sold for $58 965 plus GST. A physical count of inventory on June 30 confirmed that 500 units were on hand. Required: Prepare an income statement down to Gross Profit for June, using each of the following costing methods: a) Specific identification method assuming that 900 units were sold from beginning inventory. 2 300 units were sold from the first purchase and the remainder from the 10 June purchase b) FIFO method. c) Income Statement a) Specific identification Ending inventory: Cost of salese e de e he b) FIFO- Units SH Goods available Ending inventory @ Cost of sales L Bryce Ltd. Income Statement Period ending 30 June 20xx Specific Identification FIFO de de de de de