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Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a periodic inventory system. The following are the transactions for the month of July Unit Cost $20 July 1 July 5 July 13 July 17 July 25 July 27 24 Units 2,500 1,500 6,500 3,500 8,500 5,500 Beginning Inventory Sold Purchased Sold Purchased Sold 26 Calculate the cost of goods available for sale, ending inventory, and cost of goods sold if Aircard uses (a) FIFO. (6) LIFO, or (c) weighted average cost. (Round "Cost per Unit" to 2 decimal places.) FIFO LIFO Weighted Average Cost Cost of Goods Available for Sale Ending Inventory Cost of Goods Sold Courtney Company uses a periodic inventory system. The following data were available: beginning inventory 1,900 units at $20; purchases, 5,700 units at $25; operating expenses (excluding income taxes). $96,000; ending inventory per physical count at December 31, 1.200 units; sales price per unit $50; and average income tax rate, 30%. Required: 1. Prepare income statements under the FIFO, LIFO, and weighted average costing methods. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Inventory Costing Method FIFO Weighted Average Income Statement Units LIFO 0 0 0 Sales Revenue Cost of Goods Sold" Gross Profit Operating Expenses Income from Operations Income Tax Expense Net Income 0 0 0 $ 0 $ 0 $ 0 Units FIFO LIFO Weighted Average *Cost of Goods Sold Equation: Beginning Inventory Purchases Goods Available for Sale Ending Inventory Cost of Goods Sold 0 0 0 0 0 $ 0 $ 0 $ 0