has the following inventory records for October 2023. Operating expenses for the month of October were $500 and the 250 units sold generated Sales Revenue of $3,750.

Date	Item	Quantity (Units)	Unit Cost
Oct.1/23	Opening inventory	100	$9
Oct.7/23	Purchase	60	$9
Oct.10/23	Purchase	140	$10
Oct.19/23	Sales	250
Oct.22/23	Purchase	90	$11
Oct.28/23	Sales	50

Prepare the October 2023 income statements assuming that the company uses a:

Periodic inventory system (prepare the income statement assuming that FIFO and weighted average cost were used).

Perpetual inventory system (prepare the income statement assuming that FIFO and moving weighted average cost were used).