Check my work QP Corp. sold 5,450 units of its product at $45.50 per unit during the year and incurred operating expenses of $6.50 per unit in selling the units. It began the year with 650 units in inventory and made successive purchases of its product as follows. Jan. 1 Beginning inventory Feb. 20 Purchase May 16 Purchase Oct. 3 Purchase Dec. 11 Purchase Total 650 units @ $18.58 per unit 1,550 units @ $19.50 per unit 750 units @ $20.50 per unit 450 units @ $21.50 per unit 3,350 units @ $22.50 per unit 6.750 units Required: 1. Prepare comparative year-end income statements for the three inventory costing methods of FIFO, LIFO, and weighted average which includes a detailed cost of goods sold section as part of each statement. The company uses a periodic Inventory system. (Round your average cost per unit to 2 decimal places and round your final answers to nearest whole dollar amount.) OP CORP Income Statements Comparing FIFO, LIFO, and weighted Average For Yoar Ended December 31 FIFO LIFO Weighted Average Salon Cost of goods sold Beginning inventory, Jan. 1 Cost of purchases Cost of goods available for sale QP CORP. Income Statements Comparing FIFO, LIFO, and Weighted Average For Year Ended December 31 FIFO LIFO Weighted Average Sales Cost of goods sold: Beginning inventory, Jan. 1 Cost of purchases Cost of goods available for sale Less: Ending inventory, Dec. 31 Cost of goods sold Gross profit Operating expenses Net income