- waveled per year for apet so is more effective to track the cost. b) Yorkville University Copy Centre Ltd, uses laser printers. The company started the year with 100 containers of ink (weighted average cost of $9.20 each, FIFO cost of $9 each). During the year, University Copy Centre purchased 700 containers of ink at $10 each and sold 600 units for $20 each. The company paid operating expenses throughout the year, to a total of $3,000. University Copy Centre is not subject to income tax Prepare University Copy Centre Ltd.'s income statement for the year ended December 31, 2014, under the weighted average and FIFO inventory costing methods assuming periodic system is used. Include a complete statement heading