Compute the cost ending inventory by using the weighted-average costing method + compute the gross profit for the first six months of the current year by using the FIFO costing method

Neverstop Corporation sells item A as part of its product line Information about the beginning inventory, purchoses, and sales of item A are given in the following table for the first six months of the current year. The company uses a perpetual Inventory system Purchases Number of Unit Unit Cout 515 $2.50 Sales Momber of units Satos Price Date January 1 (beginning inventory January 24 February March 16 June 11 315 615 315 54.30 615 52.90 Required: 1. Compute the cost of ending Inventory by using the weighted average costing method. (Do not round intermediate calculations and round the final answer to 2 decimal placen.) Enang hventory 2. Compute the gross profit for the first six months of the current year by using the FIFO costing method. (Do not round Intermediate calculations and round the final answer to 2 decimal places.) Gross profit