Question: Question 2 Marks 10 Date Inventory Status Units Jan 1st Beginning Inventory 200 units @ $10 Feb 10th Purchases 400 units @ $14 Feb 11th

Question 2 Marks 10 Date Inventory Status Units Jan 1st Beginning Inventory 200 units @ $10 Feb 10th Purchases 400 units @ $14 Feb 11th Sold 500 units @ $30 Feb 23rd Purchases 200 units @ $20 Mar 1st Sold 200 units @ $ 30 Required: Calculate, Gross Profit, Cost of Goods Sold and Ending Inventory by using LIFO and Weighted Average Method.

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