(a) Assuming that the periodic inventory method is used, compute the cost of goods sold and ending inventory under FIFO.

(b) Assuming that the periodic inventory method is used, what is the cost of goods sold at weighted average cost?

(c) Assuming that the perpetual inventory method is used, what is the gross profit if the inventory is valued at LIFO?

Inventory info. for Part 311 of Fancy Corp. discloses the following information for the month of June. 10-Jun Sold 1-Jun Balance 440 units @ $1 11-Jun Purchased 1200 units @ $2 290 units @ $2.40 760 units @ $2.50 15-Jun Sold 20-Jun Purchased 750 units @ $3 27-Jun Sold 440 units @ $2.70