Inventory Costing Methods-Periodic System Following is an inventory acquisition schedule for Fees Corp. for 2017: Units Unit Cost Beginning inventory 4,000 $20 Purchase: February 4 2,000 18 April 12 3,000 16 September 10 1,000 14 December 5 2,500 12 During the year, Fees sold 11,000 units at $30 each. All expenses except cost of goods sold and taxes amounted to $60,000. The tax rate is 30%. Required: 1. Compute cost of goods sold and ending inventory under each of the following three methods listed below assuming a periodic inventory system. Inventory Costing Method Ending Inventory Cost of Goods Sold Weighted average FIFO $ $ LIFO 2. Prepare income statements under each of the three methods. Fees Corp. Income Statement For the Year Ended December 31, 2017 Weighted Average FIFO LIFO $