Question: Problem 6-5A (Part Level Submission) You are provided with the following information for Kingbird Inc. for the month ended June 30, 2019. Kingbird uses the

 Problem 6-5A (Part Level Submission) You are provided with the followinginformation for Kingbird Inc. for the month ended June 30, 2019. Kingbird

Problem 6-5A (Part Level Submission) You are provided with the following information for Kingbird Inc. for the month ended June 30, 2019. Kingbird uses the periodic system for inventory. Quantity 39 Unit Cost or Selling Price $39 Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase (a2) Your answer is partially correct. Try again. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to o decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory 3628 2317 XXX T 2 The cost of goods sold 8539 3821 7035 4478 Gross profit 4285 2974 Click if you would like to Show Work for this question: Open Show Work

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