Question: USE THE INFORMATION BELOW TO ANSWER THE QUESTIONS 2 4 - 2 8 Purchases of inventory and sales information for the Baker Company ( a

USE THE INFORMATION BELOW TO ANSWER THE QUESTIONS 24-28
Purchases of inventory and sales information for the Baker Company (a retailer) are summarized below by quarter. Assume Baker Company began operations on January 1,2022(with zero inventory):
\table[[Month,Purchases in Units,Cost per Unit],[January,14,000,$10],[February,5,000,$10],[March,3,000,$12],[Quarter 1 sales =15,000 units at $20 per unit],[,,],[April,4,000,$14],[May,9,000,$17],[June,5,000,$18],[Quarter 2 sales =18,000 units at $24 per unit],[,,],[July,3,000,$20],[August,7,000,$21],[September,6,000,$22],[Quarter 3 sales =22,000 units at $28 per unit],[,,],[October,6,000,$22],[November,11,000,$24],[December,10,000,$26],[Quarter 4 sales =22,000 units at 32 per unit]]
Given the information above, compute the following amounts (in dollars):
24. Gross profit (LIFO) for 2022(i.e., from January 1,2022 to December 31,2022)=
25. Ending inventory (LIFO) on December 31,2022=
26. Gross profit (FIFO) for 2022(i.e., from January 1,2022 to December 31,2022
USE THE INFORMATION BELOW TO ANSWER THE QUESTIONS

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