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Daniel Company uses a periodic inventory system. Data for the current year: beginning merchandise inventory $($ending

inventory December $31,$ prior year$),2,120$ units at $$37$; purchases, $7,830$ units at $$39$; expenses $($excluding income taxes$),$

$$194,400$; ending inventory per physical count at December $31,$ current year, $1,710$ units; sales, $8,240$ units; sales price per

unit, $$80$; and average income tax rate, $32$ percent.

Required:

Compute cost of goods sold and prepare income statements under the FIFO, LIFO, and average cost inventory costing methods.

$($Round your final answers to nearest whole dollar. Do not round your intermediate calculations.$)$