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I got this far in the question but the ending inventory section was wrong and there is supposed to be a different category there. Also,

I got this far in the question but the ending inventory section was wrong and there is supposed to be a different category there. Also, the income statement is still incomplete and I don't know what I am missing.

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[The following information applies to the questions displayed below.] Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2: Units 3,000 Unit Cost $ 9 Inventory, December 31, prior year For the current year: Purchase, April 11 Purchase, June 1 Sales ($50 each) Operating expenses (excluding income tax expense) 9,000 7,000 10,000 10 15 $195,000 Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B:LIFO. BROADHEAD COMPANY Income Statement For the Year Ended December 31, current year Case A Case B FIFO LIFO $ 500,000 500,000 $ 27,000 $ Sales revenue Cost of goods sold: Beginning inventory Purchases Ending inventory Goods available for sale 27,000 195,000 195,000 125,000 347,000 87,000 309,000 97,000 Cost of goods sold Gross profit Operating expenses 403,000 195,000 135,000 365,000 195,000

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