A company records the following monthly purchases and sales of an item. Assuming there is no opening stock what is the value of the stock at the end of the period if FIFO, LIFO, or Weighted Average Cost is used to trace the value of stocks? What is the profit and profit margin if each unit is sold for $40? Number Sold 98 84 65 130 82 56 Unit Cost $25.00 26.00 24.00 26,00 28.00 30.00 Number Bought 130 Month 100 140 100 90