Exercise 1. FIFO, LIFO and weighted average

Computadoras del Futuro made several purchases and sales in April. He had operating expenses of $ 1,500.

1.Prepare three income statements: one using the FIFO method, another LIFO, and the other using the weighted average.

DATE	DETAILS	AMOUNT	(unit cost)
Abril 1	Initial inventory	8	$72
6	Sale	4	$85 the sale
8	Purchase	11	84
13	Sale	5	$95 the sale
15	Sale	3	$95 the sale
19	Purchase	20	109
21	Sale	8	$115 the sale
22	Sale	2	$115 the sale
27	Purchase	10	90
30	Sale	6	$115 the sale