URGENT!!!! $($ACCOUNTING:$)$ Mist Inc. uses a periodic inventory system and has the following transactions for one of its

inventory items during $2024$:

Beginning Inventory

$148$ units @ $$50$ per unit

Purchases:

Purchase $1$ on $3/11/24112$ units @ $$51$ per unit

Purchase $2$ on $10/18/2480$ units @ $$52$ per unit

Sales:

Sale $1$ on $3/15/24120$ units @ $$100$ per unit

Sale $2$ on $10/22/24140$ units @ $$100$ per unit

All units sold on $3/15/24$ were from beginning inventory. The $10/22/24$ sale included $90$ units

from the $\frac{3}{11}\frac{?}{24}$ purchase and $50$ units from the $\frac{10}{18}\frac{?}{24}$ purchase.

Show how Mist$/$s Balance Sheet and Income Statement would differ under each of the

inventory cost flow assumptions. Compute Ending Inventory, COGS and Gross Profit under

Specific Identification, Weighted Average Cost, FIFO and LIFO. Fill in your answers on the table.

If needed, round your answers to the nearest cent.

SHOW YOUR CALCULATIONS BELOW.

$2024$ Income Statement