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A company's inventory records indicate the following data for the month of July: July 1 July 3 July 10 July 20 July 25 Beginning Purchased

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A company's inventory records indicate the following data for the month of July: July 1 July 3 July 10 July 20 July 25 Beginning Purchased Sold Purchased Sold 380 units at $15 each 270 units at $17 each 400 units at $50 each 300 units at $22 each 400 units at $50 each Required: 1. (90 points) Prepare the inventory subsidiary ledgers for the (a) FIFO, (b) Weighted Average, and (c) UFO 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 gross profit for the three cost flow assumptions

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