# Do not round intermediate calculations round your

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weighted average. (Do not round intermediate calculations. Round your answers to nearest whole dollar amount.) Complete this question by entering your answers in the tabs below. Req A Req B1 Reg B2 Req B3 Compute the cost of goods sold and ending inventory, assuming (1) FIFO cost flow, (2) LIFO cost flow, and (3) weighted- average cost flow. Compute the income tax expense for each method. (Do not round intermediate calculations. Round your answers to
nearest whole dollar amount.) FIFO LIFO Cost of goods sold Ending inventory \$ \$ 33,100 16,170 \$ \$ 34,750 14,520 Weighted Average \$ 34,074 \$ 15,195 < ReqA Req B1 > Complete this question by entering your answers in the tabs below. Reg A Req B1 Req B2 Reg B3 Use a vertical model to prepare the 2018 income statement under FIFO, LIFO, and weighted average. (Do not round intermediate calculations. Round your answers to nearest whole dollar amount.) WALL'S CHINA SHOP Income Statements For the Year Ended December 31, 2018 FIFO L IFO Weighted Average Sales Cost of goods sold Gross margin Salaries expense Income before tax Income tax expenses Net income < Req A Req B2 > Use a vertical model to prepare the 2018 balance sheet under FIFO, LIFO, and weighted average. (Do not round

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