The records of Cordova Corporation showed the following transactions, in the order given, relating to the major inventory item:

Required:
Complete the following schedule for each independent assumption (round unit costs to the nearest cent; showcomputations):

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Units Unit Cost 1. Inventory 2. Purchase 3. Sale (at $15) 4. Purchase 5. Sale (at $15) 6. Purchase 7. Sale (at $18) 8. Purchase 3,000 6,000 4,000 5,000 9,000 11,000 9,000 6,000 $6.90 7.20 7.50 7.66 7.80 Ending Inventory Units and Amounts Cost of Sales Gross Margin Independent Assumptions a. FIFO b. Weighted average, periodic inventory system c. Moving average, perpetual inventory system