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Current Attempt in Progress Ayayai Inc. is trying to determine whether to use the FIFO or average cost formula. The accounting records show the following selected inventory information: Cost of Goods Sold Total Units Cost Total Date Oct. 2 Units 7,800 13,000 Purchases Cost $12 $93,600 14 182,000 Ending Inventory Units Cost Total 7,800 $12 $93,600 [1] [2] [3] [4] [5] 15 29 19,800 [6] [8] [7] [9] [10] [11] [12] [13] The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula. FIFO $498,000 Average $498,000 Sales Cost of goods sold Gross profit Operating expenses Income before income tax Income tax expense (30%) Net income 182,000 182,000 (a) Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula. Cost of Goods Sold Purchases Units Cost Total Units Cost Total Date Oct. 2 7,800 $12 $93,600 15 13.000 14 182,000 29 19,800 (total units sold) $ $ Save for Later Attempts: 0 of 1 used Submit Answer Question Dart Score ..14