Grouper Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory Information: Purchases Cost of Goods Sold Ending Inventory Cost Total Date Units Cost Total Units Cost Total Units Oct. 2 8,700 $ 12 $ 104 400 8.700 $12 $ 104,400 15 14,500 14 203.000 111 121 131 14 5 [5] 29 19,800 (61 (71 IB! 191 (10) [11] [12] (13) The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. FIFO Average $ 555,000 Sales $ 555,000 Cost of goods sold Gross profit Operating expenses Income before income tax 186,000 186,000 Income tax expense (30%) Net income Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula. Cost of Goods Sold Purchases Units Cost Total Date Units Cost Total Oct 2 8,700 $12 $ 104,400 15 14,500 14 203,000 29 19,800 (total units sold) $ Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula. Ending Inventory Cost Total Units Total 8,700 $ 12 $ 104,400 $