how to calculate cost of goods

sold (answer 5336 is wrong)

the answer to the blank questions

the answer to the blank questions

Wilson Copy Center ses faserprinters and supplies. Assume Wison Copy Center started the year with 100 containers of ink (average cost of $920 each, FIFO cost of 58 60 each LIFO cost of $7.50 eachDuring the year Wilson Copy Center purchased 600 containers of ink at $9.90 and sold 580 units for $20.00 each. Wilson Copy Center paid operating expenses throughout the year a total of 54.050. rore income for ser Prepare Wison Copy Center's come statement for the current year ended December 31 under the average Found LIFO inventory costing methods include a complete statement heading Wilson Copy Center Income Statement Year Ended December 31 Average Cost Sales revenue $ 11.600 Cost of goods sold 5334 Gross pront 4.050 Operating expenses Net income Wilson Copy Center sells laser printers and supplies. Assume Wison Copy Center started the year with 100 containers of ink (average cost of $920 each, FIFO cost of $8.60 each, LIFO cost of $7.90 each. During the year, Wilson Copy Center purchased 600 containers of ink at $9.90 and sold 580 units for $20.00 each. Wison Copy Center pad operating expenses throughout the year, a total of $4,050. Ignore income taves for this exercise Prepare Wison Copy Center's income statement for the current year ended December 31 under the average, FFO, and LIFO inventory conting methods. Include a complete statement heading Wilson Copy Center Income Statement Year Ended December 31 Average cost $ Cost of goods sold Gross profit Operating expenses Net income 4,050