thats what i was wondering and what confused me. because they do not give the operating expense

ers: -X iData Table Date Item Quantity Unit Cost Sale Price Mar 1 Balance 11 46 2 Purchase 68 7 7 Sale 91 13 Sale 4 91 X i Requirements 1. Determine the amounts that Woody's should report for cost of goods sold and ending inventory two ways: (Woody's uses a perpetual inventory system.) a. FIFO b. LIFO 2 Woody's uses the FIFO method. Prepare the company's income statement for the month ended March 31, 2018, reporting gross profit. Operating expenses totaled $330, and the income tax rate was 35% Print Done Crear All