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A company's inventory records indicate the following data for the month of July: July 1 Beginning 380 units at $15 each July 5 Purchased 270

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A company's inventory records indicate the following data for the month of July: July 1 Beginning 380 units at $15 each July 5 Purchased 270 units at $17 each July 10 Sold 400 units at $50 each July 20 Purchased 300 units at $22 each July 25 Sold 400 units at $50 each Required: 1. (90 points) Prepare the inventory subsidiary ledgers for the (a) FIFO, (b) Weighted Avera (c ) LIFO cost flow assumptions (remember to leave space between the dates so that transactions can be kept separate). 2. (10 points) Complete the comparison chart showing the sales, cost of goods sold, and gro profit for the three cost flow assumptions. FIFO

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