Create New Account Confirmation Netflix Following is partial information for the income statement of Arturo Technologies Company under three different inve system Required 1. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. (Do not round i Average FIFO LIFO Cost of goods sold Beginning inventory (800 units @ $40) Purchases (800 units s30) 32,00032,000 24,000 32,000 24,000 24,000 Goods available for sale Ending inventory (1,000 units) Cost of goods sold 2. Prepare an income statement through pretax income for each method Sales, 600 units; unit sales price, $60; Expenses, $1,000 FIFO LIFOAverage Cost 0 FI FS F6 F7 F8 4