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Abiy's Apple Pies purchases pies from a supplier, which it then sells to customers. During the year, it had the following information related to its

Abiy's Apple Pies purchases pies from a supplier, which it then sells to customers. During the year, it had the following information related to its inventory:

Beginning Inventory 120 units, purchased for $3 each.
Sale 90 units, sold for $10 each
Purchase 20 units, purchased for $4 each.
Purchase 15 units, purchased for $5 each.
Sale 25 units, sold for $11 each.

A. Using the information above, complete the following table related to Abiy's Apple Pies. Assume Abiy's uses the periodic inventory method. Round your final answer to the nearest whole number.

FIFO LIFO Average Cost
Cost of Goods Sold
Ending Inventory

B. Using the same information for Abiy's Apple Pies, complete the following table. Assume Abiy uses the perpetual inventory method.

FIFO LIFO
Cost of Goods Sold
Ending Inventory
Gross Profit

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