1) Tristan's Tacos began the month with 5 cases of tortilla chips, each with a value of $20 per case. On June 10,3 more cases of tortilla chips were purchased at $22 per case. At the end of June, there was 1 case of tortillas left in the warehouse. Determine the value of ending inventory and CGS for the month of June using the FIFO method. 2) Aloha Acai had 4 tubs of frozen yogurt to begin the month of July. The value of the beginning inventory was $60 total (for all 4 tubs). On July 9, 2 tubs were purchased at $16 per tub. On July 25, 5 more tubs were purchased for $18 per tub. 3 tubs were left in inventory at the end of the month of July. Calculate the value of ending inventory and CGS using the FIFO and LIFO methods. 3) Tahnee's Cocktail Treats had a beginning inventory of 5 bottles of tequila in beverage inventory. Each of those bottles had a value of $40 per bottle. Tahnee's made a purchase of 3 bottles of tequila for $42 per bottle and another purchase of 8 bottles for $36 per bottle. 10 bottles were used up during the month to make cocktails. (Hint: insert 10 bottles for CGS in the units column and calculate ending inventory in units). Then determine the value of ending inventory and CGS using the FIFO, LIFO, and WA methods. 4) Lindsay's Laai had the following account totals at the end of August. Prepare an income statement in gross margin format. Note: some information will not be needed to complete the statement. Rent expense = 1200, marketing expense, 500, food inventory 3500, food sales 5000, CGS Food 2000, Salaries payable 1000, food sales paid with credit card 4000, cash 2500, salaries expense 1000