Daniel Company uses a periodic inventory system. Data for 2015: beginning merchand se Inventory (December 31, 2014) 2,180 units at $36; purchases, 7830 units at $38, expenses (excluding Income taxes), $193,500; ending Inventory per physical count at December 31, 2015, 1,730; sales, 8,280 units; sales price per unit, $78; and average Income tax rate, 32 percent. value: 10.00 points Required: 1. Compute cost of goods sold and prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. (Do not round your intermediate calculations.) Cost of Goods Sold Units FIFO LIFO eage Beginning Purchases Goods available for sale Ending inventory Cost of Income Statement FIFO LIFO