A B D E F G H 1 2 3 4 5 6 7 8 19 Problem: Given the following information, calculate the cost of goods available for sale, cost of goods sold and ending inventory for FIFO, LIFO and Weighted Average(WA) methods of cost flows. (ie, fill in the missing blanks) (1 pt each blank) March Units Unit Cost 1 Beginning inventory 800 $50 5 Purchase 500 $60 15 Purchase 1000 $55 26 Sold 1300 10 FIFO LIFO WA 11 Beginning inventory total dollar amount $ 2 =+ Purchases $ $ WEN 3 =COGAS $ $ -COGS 5 =Ending inventory $ $ 6 7 Assuming that the goods were sold for $200 per unit(selling price). Compute the gross 8 profit from each of the above inventory cost flow methods. 9 0 FIFO LIFO WA 1 Sales $ $ 2 COGS 3 Gross Profit $