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Underwood Copy Centre tid uses laser printers. The company started the year with 92 containers of ink (weighted average cost of $9 10 each, FIFO

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Underwood Copy Centre tid uses laser printers. The company started the year with 92 containers of ink (weighted average cost of $9 10 each, FIFO cost of $9.10 and sold 610 units for $20.00 each. The company paid operating expenses throughout the year to a total of $3,150 Underwood Copy Centre is not subject to income Prepare Underwood Copy Centre Lid's income statement for the year ended December 31, 2020, under the weighted average and FIFO inventory costing methods Complete the income statement by selecting the appropriate heading and income statement labels and then calculating the amounts for each of the two ruined in the nearest whole dollar) 3 Shted-verage cost of $9.10 each, FIFO cost of 9 10 each) During the year, Underwood Copy Centre purchased 670 containers of ink at $10 10 each 3.150 Underwood Copy Centre is not subject to income tax meighted average and FIFO inventory costing methods assuming the periodic system is used include a complete statement heading calculating the amounts for each of the two required inventory methods (Calculate unit costs to two decimal places. Round all other calculations to

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