Courtney Company uses a periodic inventory system. The following data were available: beginning inventory, 1,100 units at $30; purchases, 4,400 units at $35; operating expenses (excluding income taxes), $92,200; ending inventory per physical count at December 31, 1,000 units; sales price per unit, $75; and average income tax rate, 30%.

Prepare income statements under the FIFO and weighted average costing methods.

Income Statement, Units, FIFO, Weighted Average

Sales rev:

COGS:

G/P:

Operating Expenses:

Income from operations:

Income tax expense:

Net Income: