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Al Oumara Company uses the periodic inventory system for goods. On December 31, 2014, the actual inventory showed that the number of remaining merchandise units

Al Oumara Company uses the periodic inventory system for goods. On December 31, 2014, the actual inventory showed that the number of remaining merchandise units at the end of the period was 500 units. The following are the details of the purchases that took place during the financial period:

The date of purchase

number of units

unit price

15/1/ 2014

250 Unit

8$

10 / 2/2014

180 Unit

9$

15/ 4/2014

220 Unit

8$

30 /7/2014

250 Unit

10$

15 /12/2014

200 Unit

12$

Required:
Determine the cost of the stock of the goods at the end of the period, the cost of the goods sold and the total profit, if you know that the average selling price of the unit during the year is 16 dinars, according to the following methods:
1- Weighted average method W. A
2- First in first out (FIFO) method.
3- The last in first out method (LIFO).

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