Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2:

			Units			Unit Cost
Inventory, December 31, prior year				2,810			$	15
For the current year:
Purchase, April 11				8,850				16
Purchase, June 1				7,820				21
Sales ($57 each)				10,850
Operating expenses (excluding income tax expense)	$	190,000

Required:

1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO.