E$7-7($Algo$)$ Analyzing and Interpreting the Financial Statement Effects of LIFO and FIFO LO$7-2,7-3$

Emilly Company uses a perlodic. Inventory system. At the end of the annual accounting perlod, December $31$ of the current year, the accounting records provided the following information for product $2.$

Inventory, December $31,$ prior year

For the current year:

Purehase, April $11$

Purchase, June $1$

Sales $($ $$60$ eachi$)$

Operating expenses $($excluding income tax expense$)$

Requllied:

$\backslash$table$[[$Units$,$Unit cost$],[2,810,$$$10$