1- Three identical units of Item K113 are purchased during July, as shown below.

Item K113 Units Cost July 9 Purchase 1 157 17 Purchase 1 178 26 Purchase 1

186

Assume that one unit is sold on July 31 for $260. Determine the gross profit for July using the average cost method. (Round to nearest full dollar).

2 -Beginning inventory, purchases, and sales for Item CSW15 are as follows:

August 1 Inventory 102 15 9 Sale 92 16 Purchase 127 20 25 Sale 77

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the Cost of Merchandise Sold in August.

3 -Beginning inventory, purchases, and sales for Item CSW15 are as follows:

August 1 Inventory 108 15 9 Sale 90 16 Purchase 131 18 25 Sale 79

Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine the inventory value on August 31.