Question: Book Show Me How Cost Flow Methods The following three identical units of item PX2T are purchased during April Item Beta Units Cost April 2

 Book Show Me How Cost Flow Methods The following three identical

Book Show Me How Cost Flow Methods The following three identical units of item PX2T are purchased during April Item Beta Units Cost April 2 Purchase 1 97 April 15 Purchase 1 98 Purchase 99 April 20 Total 3 $294 $98 Average cost per unit ($294 + 3 units) 3 Assume that one unit is sold on April 27 for $141 Determine the gross profile for April and ending inventory on April 30 using the (a) Piratin, first-out (FFO); (b) tosin Tirst out (LF) and (weighted aveage cost method Gross Pront Ending Inventory a First-in, first-out (FIFO) b. Last.in, first-out (LIFO) c. Weighted average cost

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