Question: Prepare comparative income statements for the three inventory costing methods of FIFO, LIFO, and weighted average which includes detailed cost of goods sold section as

Prepare comparative income statements for the three inventory costing methods of FIFO, LIFO, and weighted average which includes detailed cost of goods sold section as part of each statement. The company uses a periodic inventory system, and its income tax rate is 40%. (Input all amounts as positive values. Cost of goods sold is the difference of Cost of goods available for sale and ending inventory. Round your per unit costs to 3 decimal places. Round your final answers to the nearest dollar amount. Omit the "$" sign in your response.)

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