Question 1 Sales Date Units Cost Total Price 1- Beginning 75 12 $900 May Balance 2- Purchase

Question 1

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Sales Date Units Cost Total Price 1- Beginning 75 12 $900 May Balance 2- Purchase 85 13 $1,105 May 3- Purchase 65 16 $1,040 May 10- Sale 110 $35 May 15- Purchase 30 17 $510 May 17- Sale 35 $35 May 30- Sale 105 $35 May Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO, LIFO, and Weighted Average FIFO Cost of Goods Sold $ Ending Inventory Gross Profit LIFO LA +A Sales Date Units Cost Total Price 1- Beginning 75 12 $900 May Balance 2- Purchase 85 13 $1,105 May 3- Purchase 65 16 $1,040 May 10- Sale 110 $35 May 15- Purchase 30 17 $510 May 17- Sale 35 $35 May 30- Sale 105 $35 May Calculate the Cost of Goods Sold, Ending inventory, and Gross Profit for the month under FIFO, LIFO, and Weighted Average FIFO Cost of Goods Sold $ Ending Inventory Gross Profit LIFO LA +A