The following information relates to the inventory of Bryce Ltd during June: June 1 Beginning Inventory 1 500 units @ $9.00 3 Purchased 3 125 units @ $9.80 1 625 units @ $10.20 10 Purchased 12 Sold 1 800 units 17 Solde 2 100 units 25 Solde 1 500 units Bryce Ltd uses a periodic inventory system. Ignore GST. During the month 5 400 units were sold for $68 040 plus GST. A physical count of inventory on June 30 confirmed that 850 units were on hand. Required: Prepare an income statement down to Gross Profit for June, using each of the following costing methods: a) Specific identification method assuming that 1 080 units were sold from beginning inventory, 2 760 units were sold from the first purchase and the remainder from the 10 June purchase b) FIFO method. c) Income Statement a) Specific identification Ending inventory: Cost of sales fe b) FIFO Units $ Goods available Ending inventory @ Cost of sales L Bryce Ltd. Income Statement Period ending 30 June 20XXP Specific Identification FIFO { 1