Question: please help! everything needed to be answered for this problem is listed below During the year, Hooker Incorporated has the following inventory transactions. For the

please help! everything needed to be answered for this problem is listed below
 please help! everything needed to be answered for this problem is
listed below During the year, Hooker Incorporated has the following inventory transactions.
For the entire year, the company sells 111 units of inventory for
$40 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and
cost of goods sold. 1-c \& d. Using FIFO, calculate sales revenue
and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and
cost of goods sold. 2-c \& d. Using LIFO, calculate sales revenue
and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory
and cost of goods sold. 3-c \& d. Using weighted-average cost, calculate

During the year, Hooker Incorporated has the following inventory transactions. For the entire year, the company sells 111 units of inventory for $40 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c \& d. Using FIFO, calculate sales revenue and gross profit. 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c \& d. Using LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining Complete this question by entering your answers in the tabs below. Using FIFO, calculate ending inventory and cost of goods sold. Using FIFO, calculate ending inventory and cost of goods sold. Complete this question by entering your answers in the tabs below. Using FIFO, calculate sales revenue and gross profit. Using LIFO, calculate ending inventory and cost of goods sold. Complete this question by entering your answers in the tabs below. Using LIFO, calculate sales revenue and gross profit. Complete this question by entering your answers in the tabs below. Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) Complete this question by entering your answers in the tabs below. Determine which method will result in higher profitability when inventory costs are declining. etermine which method will result in higher profitability when inventory costs are declining. Exercise 6-5 (Algo) Calculate inventory amounts when costs are declining (LO6-3) During the year, Hooker Incorporated has the following inventory transactions. For the entire year, the company sells 111 units of inventory for $40 each. Required: 1-a \& b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c \& d. Using FIFO, calculate sales revenue and gross profit: 2-a \& b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c \& d. Using LIFO, calculate sales revenue and gross profit. 3-a \& b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c \& d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining

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