Bramble Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: Purchases Cost of Goods Sold Ending Inventory Date Units Cost Total Units Cost Total Units Cost Total Oct. 2 9,300 $11 $102,300 9,300 $102,300 15 15,500 13 201,500 [1] [2] [3] [4] (5) 29 23,800 [6] [7] [8] [9] (10) [11] [12] (13) $11 The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. FIFO $576,000 Average $576,000 Sales Cost of goods sold Gross profit Operating expenses Income before income tax Income tax expense (30%) Net income 192,000 192,000 (a) Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula Purchases Units Cost Total 9,300 $11 $102,300 Cost of Goods Sold Cost Units Date Oct. 2 15 Total 15,500 13 201,500 29 23,800 (total units sold) $ $ Save for Later Attempts: 0 of 1 used Submit