Q1=17; Q2=13; Q3=5; Q4=13; Q5=12; Q6=40 1. Lance Inc. sells children's bicycles, and has the following Units Cost per Unit Sales price per unit Beginning Inventory Purchase, 4/30 Purchase, 8/31 240 600 210 $78 $88 $98 Total Sales 750 $200 Operating expenses under each method Income tax expense under each method $70,000 21% of Income before taxes What was the following under FIFO, LIFO, and Weighted average periodic methods? Therefore, you have to answer the five items below for each of the 3 methods. Cost of goods sold b. Gross Profit Gross Profit Percentage d. Net Income Profit Margin ooooo