1. (15 points) LetsMakeABuck! Inc. sold 4,000 bobbleheads featuring the likeness of Hooks, Bedient, and Carlson titled The Knuckleheads @$100 per unit in 2020. Below is the table of 2020 purchases.

Date	Description	# of Units	Unit Price
1-Jan	Beginning Inventory	840	$ 58.00
2-Apr	Purchase	600	$ 59.00
14-Jun	Purchase	1205	$ 61.00
29-Aug	Purchase	700	$ 64.00
18-Nov	Purchase	1655	$ 65.00

Using the periodic inventory system, please answer the following questions:

1. What are the number of units in ending inventory and what are the number of units in Cost of Goods Sold?

1. What are the ending inventory balance and Cost of Goods Sold amount using the average cost method?

1. What are the ending inventory balance and Cost of Goods Sold amount using the FIFO method?

1. What are the ending inventory balance and Cost of Goods Sold amount using the LIFO method?

1. Given the data above, compute the gross profit and gross profit % for both the FIFO and LIFO methods.