$1\mathrm{.}1.$ Inventory: FIFO Perpetual

A company sells one product. Presented below is information for January. Assume the company uses FIFO with a periodic system. A physical count indicates that the ending inventory for January is $110$ units.

$\backslash$table$[[$Jan$.,$Inventory,$100$ units at $$5$ each$],[4,$Sale,$80$ units at $$8$ each$],[11,$Purchase,$150$ units at $$6$ each$],[13,$Sale,$120$ units at $$8\mathrm{.}75$ each$],[20,$Purchase,$160$ units at $$7$ each$],[27,$Sale,$100$ units at $$9$ each$]]$

What is the end of month Sales, amount?

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$2.$ What is the total AFS amount?

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$3.$ What is the end of month FIFO Ending Inventory amount?

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$4.$ What is the end of month COGS amount?

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$5.$ What is the end of month Gross Profit amount?

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$6.$ Does Gross Profit under FIFO Periodic the same as Gross Profit under FIFO Perpetual?

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