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2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit FO Cost of Goods Available for Sale Cost of Goods

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2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit FO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods Available Average Cost of Average Ending # of units. Cost per #Of units Costper! #0f units Costa' Goods unit unit Sold for Sale per unit nventory Beginning Inventory 59 $ 51S 3,009 526$ 51 26,826 Purchases Apr 07 Jul 16 Oct 06 139$ 53 11753 209 S 56 11,704 119 57 446 6,201 22$ 53 1.166 209 S 56 119 S 57 526 11,704 6,783 $ 28,863 6,783O $ 24,688 Total S 1.1 $ 30,706 S 6,017 Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit FO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Average Cost of Goods Available Average Cost of Average Ending # of units. Cost per #Of units Costper! #0f units Costa' Goods unit unit Sold for Sale per unit nventory Beginning Inventory 59 $ 51S 3,009 526$ 51 26,826 Purchases Apr 07 Jul 16 Oct 06 139$ 53 11753 209 S 56 11,704 119 57 446 6,201 22$ 53 1.166 209 S 56 119 S 57 526 11,704 6,783 $ 28,863 6,783O $ 24,688 Total S 1.1 $ 30,706 S 6,017 Sales revenue Gross profit

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