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Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,100 units at $25; purchases, 3,300 units at $35; operating expenses

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Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,100 units at $25; purchases, 3,300 units at $35; operating expenses (excluding income taxes), $92,000; ending inventory per physical count at December 31, 800 units; sales price per unit, $80; and average income tax rate, 30%. 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.) Inventory Costing Method Weighted Average Income Statement Sales Revenue Cost of Goods Sold* Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income Units FIFO LIFO 0 0 0 0 0 0 0

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