5 New Tab np. Asia-Pacific Forestr... Citation Machine: A... Login - University o Homepage eBook Calculator Correct To illustrate the different inventory cost flow assumptions, consider the following example of Russell Company, which purchased inventory at three different times at three different prices. May 1 Purchase May 15 Purchase Units Cost per Unit Total Cost 35 $ 9 $ 315 35 16 560 35 19 665 105 $ 1,540 May 20 Purchase Goods available for sale Russell purchased a total of 105 units, which cost a total of $1,540. On May 31st a customer purchased 35 units. Russell's selling price was $23 per unit Under the FIFO method, what is the unit cost of the items sold 39 Fin the table below calculate Russell Company's sales revenue cost of goods sold gross profit and ending Inventory balance under each of the three Anventory cost flow motions. Round your answer to the nearest dollar However do not round Intermediate calculations FIFO Average cost eBook Login - University Calculator Homepage - unit. Under the FIFO method, what is the unit cost of the items sold? $9 Fill in the table below, calculate Russell Company's sales revenue, cost of goods sold, gross profit and ending inventory balance under each of the three inventory cost flow assumptions. Round your answer to the nearest dollar. However, do not round intermediate calculations. FIFO Average Cost Revenue Cost of goods sold Gross profit Ending inventory