Suppose a division of Vermont norporated to compiers as these inventory records for 2021 Click the icon to view the story The companying or show 450 units were sold for me of $10.00 Operating expense for January was 53.100 Read the rements Requirement 1. Prepare the company, up income sement Calculate come using the UFO, werage cost od FIFO motel the bottom line Operating income and the potente e decimal places and all other figures to whole- dament Show your computations Begin by preparing the income tentang UFO the average, and fry FIFO cost Vermont Instruments incorporated Income Statement for Microchip Month Ende January 31, 2021 LITO Average FIFO Salveno Cost goods sold Cross Operating con Operating income Requirement 2. Suose vou are the financial president of Vermonuments incorporated. Which inventory method wil vous pour motive is to X Data Table Date Item Quantity Unit Cost Total Cost Jan 1 180 units $ 15 $ 2,700 Beginning inventory Purchase 6 70 units 17 1,190 21 Purchase 200 units 17 3,400 27 Purchase 90 units 18 1,620