$\backslash$table$[[$Date$,$Transaction,Units,Unit Cost,Total Cost$],[$January $1,$Beginning inventory,$41,$$ $33,$$ $1,353],[$April $7,$Purchase,$121,35,4,235],[$July $16,$Purchase,$191,38,7,258],[$October $6,$Purchase,$101,39,3,939],[,,454,,$$ $16,785]]$

For the entire year, the company sells $410$ units of inventory for $$51$ 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.

Complete this question by entering your answers in the tabs below.

Req $1$ a and b

Req $1$ c and d

Req $2$a and $b$

Req $2$ c and d

Req $3$ a and b

Req $3c$ and d

Req $4$

Using weighted$-$average cost, calculate sales revenue and gross profit.

Note: Round answers to $2$ decimal places.

Sales revenue

Gross profit