FIFO UFO WA James Inc. sold 155 units @ $300 each on March 30 (50 units) as November (105 units), 2019. Cash selling and administrative expenses were $10,000. James Inc. uses a perpetual inventory system The following information is showvailable: Units Price Income Statements Beginning i 20 units $150 Feb 3 purch 60 units @ $170 Revenue (Units sold X Price per unit) March 30 SOLD (50) SOLD 50 COGS June 2 pure 60 units 5205 Gross Margin Rev.COGS) Octl purch 70 unit $220 Administrative Costi Nov 1 SOLD (108) SOLD 105 Net Income Before Tax The company's income tax reis 25%. Total Tax (25 according to problem Net Income After Tax Required. USING WELL LABELED COMPUTATIONS (2.) Determine the amount of cont of goods sold using FIFO LIFO ghted Average (6) Determine the amount of ending inventory ang FIFO LIFO Weighted Average Please make sure that I can clearly determine what your COGS and Ending Inventory is for each method as well as a completed Income Statement that includes each method. Exam #2 Problem.xlsx Minimize File Preview C ZOOM + RO UFO WA June 13 w 10 March 30159 ) November (105, 2014 Child 110.000 The follow women Teig 150 Popust 5170 Reverie per March 0 SOLD (30) SOLD SO Coo how 205 Groos Output the 1930 Articole N 1 SOLD (0) SOLD 105 Netcom Before These Total Tato problem Net Income here Red UNING WELL LABELED COMPUTATIONS FIFO LIFO Ang Pro LITO We Are