ABC Ltd. showed you the following purchases and sales of January 2011.

ABC balance sheet for 1st of January 2011.

inventory units 400

cost of inventory 8000

purchases in 3rd January

2000 units at 25eur/unit

purchases in 11th January

3000 units at 22.90eur/unit

sales of 24th January

600 units at 30eur/unit

sales of 29th January

400 units at 34eur/unit

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calculate:

a. the profit over January 2011 using FIFO

b. The value of the inventory at the end of January 2020 using LIFO

c. The profit over January using WAC

d. The profit over January using FIFO again, taken into account that the purchase price went down to 13eur/unit on 30 January, due to scandal. It is not likely that this price will go up again on short notice.