Purchase Date order	# of Units	Unit Cost	Total purchase cost
Beginning inventory	300	$8.00	$2400
Purchase 1	300	$8.00	$2400
Purchase 2	350	$7.00	$2450
Purchase 3	250	$6.00	$1500
Total	1200		$8750

Conclusion:

FIFO method Cost of goods sold=$6550 Ending Inventory=$2200

LIFO method Cost of goods sold=$5950 Ending Inventory=$2800

Average Cost of goods sold=$6198 Ending Inventory=$2552

Create an income statement for the business above using the information below and YOUR CHOICE of ending inventory and cost of goods sold.

creating costing method you are choosing and to briefly explain why.

Beginning inventory: $2400

Net Sales: $25000

Purchases: $6350

Operating Expenses: $11000

Ending Inventory:

Cost of Good Sold:

I am picking the ________ method because ___________________________________________ for period ended January 31, 2022.