Question: Please answer with calculation steps Gibco sells school supplies in Canada. According to its records, Gibco had the following purchases and sales of student notebooks

Please answer with calculation steps

Gibco sells school supplies in Canada. According to its records, Gibco had the following purchases and sales of student notebooks in the month of January. Required: Calculate the dollar amounts that would be reported as the cost of goods sold, gross profit, and ending inventory under the FIFO method. Assumed the sale price is $5 each. Keep 2 decimal places in your calculation

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