Question: Inventory data are presented below. Please calculate the ending inventory, the cost of goods sold, and gross profit (at 1/31) using the methods listed below.

 Inventory data are presented below. Please calculate the ending inventory, the

Inventory data are presented below. Please calculate the ending inventory, the cost of goods sold, and gross profit (at 1/31) using the methods listed below. 1/1 - Beginning inventory 10 units at $6 cost 1/10 - Purchase 12 units at $7 cost 1/15 - Sale 14 units at $12 sales price 1/20 - Purchase 12 units at $8 cost 1/25 - Sale 11 units at $12 sales price Inventory Cost of Goods Sold Gross Profit a. Periodic FIFO $__ b) Periodic LIFO c) Periodic Weighted Average A d) Perpetual FIFO e) Perpetual LIFO f) Perpetual Moving Average

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