The following information applies to the questions displayed below.) Daniel Company uses a periodic inventory system. Data for 2015: beginning merchandise inventory (December 31, 2014), 2,050 units at $38; purchases, 7,910 units at $40; expenses (excluding Income taxes). $193,300; ending inventory per physical count at December 31, 2015, 1,780; sales, 8,180 units; sales price per unit, $76; and average income tax rate, 34 percent. value: 1.65 points Required: 1. Compute cost of goods sold and prepare income statements under the FIFO, LIFO, and average cost inventory costing methods. (Do not round your intermediate calculations.) Cost of Goods Sold Beginning inventory Purchases Units 2.050 79107 Inventory Costing Method FIFO LIFO Average Cost $ 77,900 $ 77,9001 $ 77.900 316.400 | 316.400 Income Statement FIFO LIFO Average Cost