9. During the year, Hooker Incorporated has the following inventory transactions.

Date		Transaction	Number of Units	Unit Cost	Total Cost
January 1		Beginning inventory	24	$26	$624
March 4		Purchase	29	25	725
June 9		Purchase	34	24	816
November 11		Purchase	34	22	748
			121		$2,913

For the entire year, the company sells 90 units of inventory for $34 each.

Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining.