Problem $1(15$ points$)$

You are provided with the following information for Davis Inc., for the month ended June $30.$ Davis uses the $2$ periodic method for inventory.

$3$

$\backslash$table$[[$Date$,$Description,Quantity,Unit Cost or Selling Price$],[1-$Jun,Beginning inventory,$40,$$$62],[4-$Jun,Purchase,$80,64],[10-$Jun,Sale,$75,90],[18-$Jun,Purchase,$35,68],[25-$Jun,Sale,$60,95],[28-$Jun,Purchase,$15,70],[30-$Jun,Purchase,$20,72]]$

Required:

Calculate the value of $1)$ ending inventory, $2)$ cost of goods sold, $3)$ gross profit using the LIFO cost flow assumption, following a periodic inventory approach. Be sure to show your work and label your final answer

$13$ clearly