Required information Required: 1. Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO and (b) Case B: LIFO.

The following information applies to the questions displayed below] Broadhead Company uses a periodic inventory system. At the end of the annual accounting period, December 31, 2015, the accounting records provided the following information for product 2: Units Unit Cost 2,960 $15 Inventory, December 31, 2014 For the year 2015: Purchase, April 11 Purchase, June 1 Sales ($51 each) Operating expenses (excluding income tax expense) 8,990 7,930 10,870 13 18 income tax expense)s $190,500