A company had the following related to inventory during its first year of business: A (Click the icon to view the sales and purchases.) A More Info The company uses a periodic inventory system. Complete the following in the determination of gross profit for each of the inventory costing methods. (i) Using FIFO inventory costing: January 5 Purchased 35 units at $115 each February 15 Sold 10 units at $135 each April 10 Sold 15 units at $135 each June 30 Purchased 40 units at $125 each August 15 Sold 20 units at $135 each November Purchased 10 units at $130 each 28 Net sales Cost of goods sold Gross profit 900 $ 6,075 5175 (ii) Using LIFO inventory costing: Print Done Net sales Cost of goods sold 5375 Gross profit 700 $ 6,075 (ii) Using weighted average inventory costing: (For calculations round cost per unit to the nearest cent. Round all other amounts to the nearest dollar.) Net sales Gross profit Cost of goods sold 5467 $ 6,075 608