Please use the below information to answer the questions:

Inventory

Date	Amounts of Caskets Purchased	Cost of Casket
10-Jun	2	$ 400
11-Jun	3	$ 500
12-Jun	3	$ 600
13-Jun	2	$ 800

Each casket will be sold for $900.

1. What is the weighted average cost per casket for the above inventory?
2. Using this weighted average, if you sold 3 caskets, what is your gross profit?
3. Using this weighted average, if you sold 2 caskets, what is your CGS?

Assume LIFO for the following questions, 4-9

4. If you sold 3 caskets, what is your cost of goods sold?
5. If you sold 3 caskets, what is your gross profit?
6. If you sold 3 caskets, what is your ending inventory?
7. If you sold 1 casket, what is your cost of goods sold?
8. If you sold 1 casket, what is your gross profit
9. If you sold 1 casket, what is your ending inventory?

Assume FIFO for the following questions, 10-15

10. If you sold 3 caskets, what is your cost of goods sold?
11. If you sold 3 caskets, what is your gross profit?
12. If you sold 3 caskets, what is your ending inventory?
13. If you sold 1 casket, what is your cost of goods sold?
14. If you sold 1 casket, what is your gross profit
15. If you sold 1 casket, what is your ending inventory?