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Check my w Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,700 units at $35; purchases, 3,300 units at
Check my w Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,700 units at $35; purchases, 3,300 units at $40; operating expenses (excluding income taxes), $95,000, ending inventory per physical count at December 31, 1100 units; sales price per unit, $85, and average income tax rate,30% 58 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.) int Inventory Costing Methood Print Weighted Average Income Statement Units FIFO LIFO Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income Weighted verage Units FIFO LIFO Mc Graw
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