The records of The Office Depot include the following accounts for one of its products at December 31 of the current year:

\section*{Required}
1. Compute the quantities of goods in

(a) ending inventory and

(b) cost of goods sold during the year.
2. Prepare a partial income statement through gross margin under the weighted-average cost, FIFO cost, and LIFO cost methods. Round weighted-average cost to the nearest cent and all other amounts to the nearest dollar.

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Inventory Jan. 1 Balance 300 units @ $3.00 100 units @ 3.15 1,215 Purchases Feb. 6. 800 units @$3.15 2,520 May 19 600 units @ 3.35 2,010 Aug. 12 460 units @ 3.50 1,610 Oct. 4 800 units @ 3.70 2,960 Dec. 31 Balance 9,100 Sales Revenue Mar. 12 500 units @ $4.10 2,050 June 9 1,100 units @ 4.20 4,620 Aug. 21 300 units @ 4.50 1,350 Nov. 2 600 units @ 4.50 2,700 Dec. 18 100 units @ 4.80 480 Dec. 31 Balance 11,200