FI?O method. KRQUKRHD: Pease prepare your calculations in the template on the right. Answer the questions below in the spaces provided. What is the Cosf of Coods Sold for the month using the FIFO method? ( 1 mark) That is the cnding inventory amount that would appear on the Statement of neial Posifion (alwo known as the Balance Shect) for Suki Supplies using fra machou? (1 mark) 18 Please prepare your calculations in the template on the right. 19 Answer the questions below in the spaces provided. 20 21 1. What is the Cost of Goods Sold for the month using the FIFO method? ( 1 mark) 2423?COGS= 25 2. What is the ending inventory amount that would appear on the Statement of 26 Financial Position (also known as the Balance Sheet) for Suki Supplies using 27 the FIFO method? (1 mark) 29 Ending inventory = 30 31 3. What is the journal entry(s) that Suki Supplies would prepare on July 4 using 32 the FIFO method? Assume the transaction was on account. (3 marks) 33. Yota can use the fotinuming spiace for juies toueh wuek. it sondes 4. What is the gross profit on the July 4 transianction using the FIFO method? (1 mark) GP= 5. What is the ending inventory in Units for the month using the FIFO method