Three identical units of item ZE9 are purchased during April, as shown below.

Assume that one unit is sold on April 27 for $29.Determine the gross profit for April and ending inventory on April 30 using the(a) First-in, first-out (FIFO);(b) Last-in, first-out (LIFO) and(c) Average costmethods.

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Units Item WH4 Cost $10 12 Apr. 12 23 Total Average cost per unit Purchase Purchase 12 Purchase 14 $36 $12 (536 - 3 units)