Watson copy center sells laser printers and supplies.

Please do not just answer, I would like an explanation.

MBA-503-Q1809 Financial Reporting & Analysis 2011 Lishay Mack 6 | 10/19/20 9:17P Homework: 5-2 My AccountingLab: Module Five Homework S Score: 0.68 of 5 pts 30 of 33 2 completel HW Score: 89.41%, 67.06 of 75 S6-2 (similar to) Question Help o Watson Copy Center sails laser printers and supplies. Assume Watson Copy Center started the year with 90 containers of ink (average cost of $9.30 each, FIFO cost of $8.70 each, LIFO cost of $7.50 each. During the year, Watson Copy Center purchased 720 containers of ink at $10.20 and sold 620 units for $21.50 each. Watson Copy Centerpold operating expenses throughout the year, a total of $4.050. priore income taxes for this exercise Prepare Watson Copy Center's income statement for the current your ended December 31 under the average, FIFO and LIFO Inventory costing methods include a complete statement heading Complete the income statement by selecting the appropriate heading and income statements, and then calculating the amounts for each of the three required inventory methods (Calculate unit costs to the nearest cant Round all other calculations to the nearest whole dollar) Watson Copy Center Income Statement Year Ended December 31 Average Cost Sales revenue Cost of goods sold Gross pro 6060 Choose from any stor enter any number in the inputs and then click Check Answer 4 CA pas maig % & 7 $ 4 8 9 un 6 2 3 O C