Use the data and results from Exercise 5-6A to compute gross profit for the month of January for the company similar to that in Exhibit 5.8 for the four inventory methods.

Data from Exercise 5-6A

Refer to the information in Exercise 5-3 and assume the periodic inventory system is used. Determine the costs assigned to ending inventory and to cost of goods sold using

(a) Specific identification,

(b) Weighted average,

(c) FIFO, and

(d) LIFO.

(Round per unit costs and inventory amounts to cents.) For specific identification, ending inventory consists of 180 units from the January 30 purchase, 5 units from the January 20 purchase, and 15 units from beginning inventory.

Data from Exhibit 5.8