Monty Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information:PurchasesCost of Goods SoldEnding InventoryDateOct. $2$UnitsCostTotalUnitsCostTotalUnitsCostTotal$8,400$$$11$$$92,4008,400$$$11$$$92,4001514,00015210,000[1][2][3][5]2921,400[6]17][8][9]110)[11][12][13]$The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula.FIFO$$475,000$SalesCost of goods soldGross profitOperating expensesIncome before income taxIncome tax expense $(30\%)$Net income$183,000$Average Cost$$475,000183,000$Fill in the missing amounts in the perpetual inventory schedule, using the FIFO cost formula.