Question 1 of 7 -/30 Pronghorn Inc. is trying to determine whether to use the FIFO ar average cost formula. The accounting records show the following selected inventory information Purchases Cost of Goods Sold Ending Inventory Date Units Cost Total Units Cost Total Units Cost Total Oct. 2 8.400 $13 $109.200 2.400 513 $109,200 15 14,000 15 210,000 111 121 121 141 151 29 21.400 16) 171 191 1101 1111 1121 1131 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 Average $572.000 Sales 5577.000 Cost of goods sold Gross pront + Ch 6 HW Question 1 of 7 > -/30 III 197.000 197.000 Gross pront Operating expenses Income before income tax Income tax expense (30%) Net Income (a) Fin the missing amounts in the perpetual inventory schedule, suring the use of the Fifo cost formula, Purchases Cont of Good Sold Units Cost Total Cost Date Units Total OG 6,400 $13 $109.200 15 14.000 15210,000 21,400 Itotal units och WW NWP Player Application The clowing format de Choco Ch 6 HW Question 1 of 7 -/30 (al Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula, Purchases Cost of Goods Sold Date Units Cost Total Cost Oct 2 8,400 $13 $109.200 Units Total 14,000 15 210.000 29 21.400 (total units sold) 5 13 18000 15 $ eTextbook and Media Attempts: 0 of 3 used wwe SforLotarast saved hours ago Saved work will be auto submitted on the duet Auto- wbuon can take up to 10 minutes OCH NWP Ch 6 HW Question 1 of 7 -/30 Fillin the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula. Sold Ending Inventory Cost Total Units Total 8.400 $13 $109.200 13 13000 15 $ 13 15 1000 15 eTextbook and Media Attempts: Dofused Sarto atrast saved hours ago Saved work will be auto binted on the due date Auto submission can taken to 10 minutes