Required information [The following information applies to the questions displayed below) Daniel Company uses a periodic inventory system. Data for the current year beginning merchandise inventory lending inventory December 31, prior year) 2,000 units at $38, purchases, 8,000 units at $40, expenses (excluding income taxes), $184,500, ending inventory per physical count at December 31, current year, 1800 units, sales, 8.200 units sales price per unit. $75; and average income tax rate, 30 percent Required: 1-a. Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods 1-b. Prepare Income statements under the FIFO.LIFO, and average cost inventory costing methods. Complete this question by entering your answers in the tabs below. Required 1A Required 18 Compute cost of goods sold under the FIFO, LIFO, and average cost inventory costing methods. (Do not round your intermediate calculations.) Inventory Costing Method Cost of Goods Sold Units FIFO LIFO Average Cost Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Required 13 > MANUAW Required 1A Required 18 N Prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. (Do not round your intermediate calculations.) Income Statement FIFO LIFO Average Cost