(Solved): QP Corporated sold 5,300 units of its product at \( \$ 47.00 \) per unit during the year and incurr ...

QP Corporated sold 5,300 units of its product at \( \$ 47.00 \) per unit during the year and incurred operating expenses of \( \$ 8.00 \) per unit i selling the units. It began the year with 800 units in inventory and made successive purchases of its product as follows. Required: 1. Prepare comparative year-end income statements for the three inventory costing methods of FiFO, LiFO, and weighted average which includes a detalled cost of goods sold section as part of each statement. The company uses a perlodic inventory system. (Round your average cost per unit to 2 decimal places and round your final answers to nearest whole dollar amount.)