Question: table [ [ Date , Transaction,Number of Units,Unit Cost,Total Cost ] , [ January 1 , Beginning inventory, 4 2 , $ 3 4

\table[[Date,Transaction,Number of Units,Unit Cost,Total Cost],[January 1,Beginning inventory,42,$ 34,$ 1,428],[April 7,Purchase,122,36,4,392],[July 16,Purchase,192,39,7,488],[October 6,Purchase,102,40,4,080],[,,458,,$ 17,388]]
For the entire year, the company sells 411 units of inventory for $52 each.
Required:
1-a & b. Using FIFO, calculate ending inventory and cost of goods sold.
1-c & d. Using FIFO, calculate sales revenue and gross profit.
2-a & b. Using LIFO, calculate ending inventory and cost of goods sold.
2-c & d. Using LIFO, calculate sales revenue and gross profit.
3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold.
3-c & d. Using weighted-average cost, calculate sales revenue and gross profit.
4. Determine which method will result in higher profitability when inventory costs are rising.
\ table [ [ Date , Transaction,Number of

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