Check my work Part 1 of 3 Required information [The following information applies to the questions displayed below.) Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory lending Inventory December 31, prior year), 2,010 units at $35; purchases, 7.990 units at $37, expenses (excluding income taxes 5193,700, ending inventory per physical count at December 31, current year, 1640 units, sales, 8,360 units, sales price per unit, $75; and average income tax rate, 36 percent. points Required: 1. Compute cost of goods sold and prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. (Round your final answers to nearest whole dollar. Do not round your intermediate calculations.) Inventory Costing Method FIFO LIFO Units Average Cost References Cost of Goods Sold Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Income Statement FIFO L IFO Average Cost Goods available for sale Ending inventory Cost of goods sold points eBook Print Income Statement FIFO LIFO | Average Cost References MC