Using the four inventory costing methods, Shutterbug Cameras summarized the cost of its ending inventory as follows: 

Instructions

Using the preceding information, determine the cost of mer chan dise sold and the gross profit on sales for each of the inventory costing methods.

First-In, Last-In, Specific Identification Weighted Average Cost First-Out First-Out $21,476.00 $21,581.40 $21,410.93 $21,447.36 Shutterbug Cameras also reported the following amounts: Net sales $53,874.92 Purchases available for sale 57,621.31