FUTURE COMPUTERS made several purchases and sales in April. He had operating expenses of $1,800.

Prepare three statements of income and expenses (income statement): one using the FIFO method, another LIFO and the other with the weighted average. Calculate the cost of goods sold using the periodic inventory model.

Date	Detail	Quantity	Unit Cost
April 1	Initial Inventory	6	$72
April 6	Sale	4
April 8	Purchase	11	84
April13	Sale	5
April 15	Sale	3
April 19	Purchase	20	109
April 21	Sale	8
April 22	Sale	2
April 27	Purchase	10	90
April 30	Sale	6

The tables that are below are the ones that needs to be filled out:

					FIFO		LIFO		AVERAGE
SALE REVENUE
BEGINNING INVENTORY				+
PURCHASE
COST OF GOODS AVAILABLE FOR SALE
ENDING INVENTORY				-
COST OF GOODS SOLD
GROSS PROFIT
OPERATING EXPENSES				-
NET LOSS

Beginning Inventory and purchases of Item in April.
1-Apr	Beginning Inventory
8-Apr	Purchase
19-Apr	Purchase
27-Apr	Purchase
Available for sale during month

ENDING INVENTORY
FIFO
	10 UNITS
	9 UNITS
TOTAL	19 UNITS
LIFO
	6 UNITS
	11 UNITS
	2 UNITS
TOTAL	19 UNITS
AVERAGE
TOTAL	19 UNITS

COST OF GOODS SOLD
FIFO
COST OF GOODS AVAILABLE FOR SALE
ENDING INVENTORY				-
COST OF GOODS SOLD
LIFO
COST OF GOODS AVAILABLE FOR SALE
ENDING INVENTORY				-
COST OF GOODS SOLD
AVERAGE
COST OF GOODS AVAILABLE FOR SALE
ENDING INVENTORY				-
COST OF GOODS SOLD

Hi, I believe I dont need to fill the sales revenue part, I just have to prepare the FIFO, LIFO and weighted average.