An organization reported the following:

	Units	$ per unit
Beginning Inventory	100	$2
1/1 Purchase on account	1200	$3
1/14 Sell 600 units on account for $8/each
1/22 Purchase on account	900	$4
1/29 Sell 850 units on account for $9/each

A. Prepare the journal entries for above (using FIFO). Find the ending inventory for 1/31 and gross profit for January.

B. Prepare the journal entries for above (using LIFO). Find the ending inventory for 1/31 and gross profit for January.

C. Prepare the journal entries for above (using weighted-average). Find the ending inventory for 1/31 and gross profit for January.