Question: please show work 3) (15 pts) A coffee distributor had in January 20,000lbs of coffee valued at $3.20/b. They bought 5,000lbs at $3.30/lb in Februaty

please show work

3) (15 pts) A coffee distributor had in January 20,000lbs of coffee valued at $3.20/b. They bought 5,000lbs at $3.30/lb in Februaty and 7,000lbs at $3.40/b in March. In April, they sold 10,000lbs at $4.10 each. What is the gross income if inventory is valued using each of the following methods? A) Weighted Average B) FIFO C) LIFO

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