$1)$ A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using FIFO. Show all your work by creating a table. $8$ points

Date

Activities

Units Acquired at Cost

Units Sold at Retail

April $1$

Beginning Inventory

$175$ units @ $$15\mathrm{.}00$

$4$

Purchase

$150$ units @ $$16\mathrm{.}00$

$7$

Sales

$160$ units @ $$30\mathrm{.}00$

$10$

Purchase

$200$ units @ $$17\mathrm{.}00$

$16$

Sales

$250$ units @ $$30\mathrm{.}00$

$25$

Purchase

$160$ units @ $$18\mathrm{.}00$

$28$

Sales

$150$ units @ $$32\mathrm{.}00$

$2)$ A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using LIFO. Show all your work by creating a table. $8$ points

Date

Activities

Units Acquired at Cost

Units Sold at Retail

April $1$

Beginning Inventory

$175$ units @ $$15\mathrm{.}00$

$4$

Purchase

$150$ units @ $$16\mathrm{.}00$

$7$

Sales

$160$ units @ $$30\mathrm{.}00$

$10$

Purchase

$200$ units @ $$17\mathrm{.}00$

$16$

Sales

$250$ units @ $$30\mathrm{.}00$

$25$

Purchase

$160$ units @ $$18\mathrm{.}00$

$28$

Sales

$150$ units @ $$32\mathrm{.}00$

$3)$ Use the information below to determine the sales revenue, cost of goods sold and gross profit that would be reported for the company related to the March $16$ sale assuming the company uses weighted average inventory valuation and a perpetual inventory system. Show all your work, but you do not need to create a table for this question. $4$ points

January $1$:

Purchased $100$ units at $$10$ per unit.

February $5$:

Purchased $60$ units at $$12$ per unit.

March $16$:

Sold $40$ units for $$16$ per unit.