2. Prepare an income statement through pretax income for each method. Sales, 300 units; unit sales price, $50; Expenses, $2,500
Duid
FIFO
у Р
Sales revenue
$
15,000
LIFO
Average
Cost
$ 15,000 $ 15,000
6,000
ly
Cost of goods sold
9,000
c
Gross profit
Expenses
9,000
6,000
2,500
22
2,500
2,500
Bd
Pretax income
$
3,500 $
6,500