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University Copy Centre Lid uses laser printers. The company started the year with 100 containers of ink (weighted average cost of 59.20 OCT, each) During the year, University Copy Centre purchased 660 containers of ink at $9.80 each and sold 610 units for $21.00 each. The company paid operating expenses throughout the year, to a total of $3,250 University Copy Centre is not subject to income tax Prepare University Copy Centre Lid's income statement for the year ended December 31, 2020, under the weighted average and FIFO inventory costing methods assuming the periodic system is used Include a complete statement heading Complete the income statement by selecting the appropriate heading and income statement labels and then calculating the amounts for each of the two required inventory methods (Calculate unit costs to two decimal places. Round all other calculations to the nearest whole dollar) University Copy Centre Lid uses laser printers. The company started the year with 100 containers of ink (weighted average cost of 59.20 OCT, each) During the year, University Copy Centre purchased 660 containers of ink at $9.80 each and sold 610 units for $21.00 each. The company paid operating expenses throughout the year, to a total of $3,250 University Copy Centre is not subject to income tax Prepare University Copy Centre Lid's income statement for the year ended December 31, 2020, under the weighted average and FIFO inventory costing methods assuming the periodic system is used Include a complete statement heading Complete the income statement by selecting the appropriate heading and income statement labels and then calculating the amounts for each of the two required inventory methods (Calculate unit costs to two decimal places. Round all other calculations to the nearest whole dollar)

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