THE BELOW INVENTORY AND SALES TOOK PLACE FOR THE MONTH OF MARCH 2014 CALCULATE OUT COGS AND END INV FOR EACH METHOD AND THEN DO AN INCOME STATEMENT FOR EACH DATE COST QTY PRICE TOTAL ACTION QTY PURCH TOTAL $4.25 $467.50 1-Mar 110 2-Mar PURCH 220 $5.20 $1,144.00 7-Mar SOLD 200 $20.00 $4,000.00 15-Mar PUCH 320 $3.25 $1,040.00 20-Mar SOLD 325 $20.00 $6,500.00 FIFO LIFO WOT AVG COST ENDING INVENTORY UNITS TOTAL UNITS COST TOTAL UNITS COST COST OF GOODS SOLD PUT THE RESULTS IN THE BELOW TABLE ASSUMING EXPENSES ARE $3,500.00 AND TAX RATE IS 30 PERCENT WGT AVG FIFO LIFO SALES COGS GM EXPENSES NET INCOME TAXES (30 PERCENT) OPERATING PROFIT BEG INV PURCH AVAIL FOR SALE END INV COGS TOTAL