Park Company reported the following March purchases and sales data for its only product.

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

150

units

@ $7.00

=

$

1,050

Mar.

10

Sales

90

units

@$15

Mar.

20

Purchase

220

units

@ $6.00

=

1,320

Mar.

25

Sales

145

units

@$15

Mar.

30

Purchase

90

units

@ $5.00

=

450

Totals

460

units

$

2,820

235

units

Park uses a perpetual inventory system. For specific identification, ending inventory consists of 225 units, where 90 are from the March 30 purchase, 80 are from the March 20 purchase, and 55 are frombeginning inventory.

1.	Complete comparative income statements for the month of March for Park Company for the four inventory methods. Assume expenses are $1,600, and that the applicable income tax rate is 30%.
	(a) Specifice Identification (b) Weighted Average (c)FIFO (d)LIFO