Comparison of Inventory Desting Methods--Periodic System Billon Company's inventory records show 605 units hand on October 1 with a unit of seach. The following transactions occurred during the month of October: Date Unit Purchases Unit Sales October 4 491 511.00 October 80 $5.30 Curdha 690511.00 Cuddat 18 609 $5.70 Odober 20 802 $12.00 October 29 797 $5.88 All expenses other than cost of good sold amount to 52,965 for the month. The company is an estimated tax tale of 30% to accrue monthly income taxi Required: 1. Prepare a chart comparing cost of good sold and ending inventory using the periodic system and the following costing methods. In your calculation round weighted average unit cost to three decimal places and round all other calculations and your final answers to the nearest dollar. Bitte Company Comparison for Cost of Goods Sold and Ending Inventory Using the Periodic System For Weighted Average, FIFO and LIFO Cost Methods Inventary System Cost of Goods Sold Ending Inventory Total Weighted average 11.000 x FIFO LIFO 9 Fendt 2. What does the Totalcore? Pad 3. Prepare income statements for each of the three methods. When required, round your answers to the nearest dollar. Bitte Company Income Statement For the Month of October Weighted Average FIFO LIFO Sales Cost of poods sold Gross profit Operating expenses Income before taxes Q000000 Income tax case Net income Feedback Check 4. Will the company pay mortarit FIFO rather than LIFO? How much more or less Pad Check F CheckMy W