$8$

$10$ points

A local manufacturer provided the following inventory data for its product that it sells for $$12$ per unit:

$\backslash$table$[[\backslash$table$[[$Beginning$],[$Inventory$]],\backslash$table$[[5,000],[$units$]],$$$3$ per unit$],[\backslash$table$[[$January $2$nd$],[$purchased$]],\backslash$table$[[4,000],[$units$]],$$$4$ per unit$],[\backslash$table$[[$January $9$th$],[$purchased$]],\backslash$table$[[3,000],[$units$]],$$$5$ per unit$]]$

Assume that at the end of the period, the company has $3,000$ units in ending inventory.

Compute the gross profit, cost of goods sold and ending inventory using the following methods: Weighted Average, FIFO, and LIFO methods.

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