Question: 2. Inventory Value use the information below to answer the following questions. On June 15th, 10 boxes of coffee were ordered at $37.60 per box.

2. Inventory Value use the information below to answer the following questions. On June 15th, 10 boxes of coffee were ordered at $37.60 per box. On June 20th, 5 boxes of coffee were ordered at $45.20 per box. On June 22nd, 2 boxes of coffee were ordered at 44.75 per box. From June 23rd to June 30th, you sold 12 boxes worth of coffee at $62.50 per box.

a. Using the weighted average method, what was the profit/loss and how much was the inventory valued at the end of the day on June 30th? b. Using the FIFO method, what was the profit/loss and how much was the inventory valued at the end of the day on June 30th? c. Using the LIFO method, what was the profit/loss and how much was the inventory valued at the end of the day on June 30th?

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