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Accounting

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\table[[eBook],[Hint],[Print],[References]]
Prepare a separate income statement through pretax income that details cost of goods sold for (a) Case A: FIFO an B: LIFO.Emily Company uses a periodic inventory system. At the end of the annual accounting period, December 31 of the current year, the accounting records provided the following information for product 2:
Units Unit Cost
Inventory, December 31, prior year 2,950 $ 11
For the current year:
Purchase, April 118,86012
Purchase, June 17,96017
Sales ($55 each)10,840
Operating expenses (excluding income tax expense) $ 192,500
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.
2. Compute the difference between the pretax income and the ending inventory amount for the two cases.
pls do both parts!!!
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