Exercise 1. FIFO, LIFO and weighted average Computadoras del Futuro made several purchases and sales in April. He had operating expenses of $ 1,800.a) Prepare three income statements: one using the FIFO method, another LIFO, and the other using the weighted average.b) Calculate the cost of goods sold using the periodic inventory model. Date Detail Quantity Unit cost April 1 Starting Inventory 6 $ 72 6 Sale 4 8 Buy 11 $84 13 Sale 5 15 Sale 3 19 Buy 20 $109 21 Sale 8 22 Sale 2 27 Buy 10 $90 30 Sale 6 Exercise 2. Periodic inventory Using the periodic inventory method, compute the cost of goods sold for the following exercise: Date Detail Quantity Unit cost May 1 Starting Inventory 12 $ 112 6 Sale 6 8 Buy 18 $103 13 Sell 8 30 Sale 4Please used the table in the photo.