Unit Cost Units 8 Inventory, December 31, prior year For the current year: 7,600 Purchase, March 5 19,600 6 Purchase, September 19 Sale ($29 each) Sale ($31 each) Operating expenses (excluding income tax expense) 10,600 8,600 2 16,600 $406,000 value: Required information 12.00 points Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO. (Loss amounts should be indicated with a minus sign.) BECK INC. Income Statement For the Year Ended December 31, current year Case A Case B FIFO LIFO Sales revenue $ 764,000 $764,000 Cost of goods sold: S 60,800 60,800 Beginning inventory Purchases 138,800 138,800 Goods available for sale 199,600 199,600 Ending inventory Cost of goods sold Gross profit Operating expenses Pretax income/loss