Assume Ariels Grotto Limited began April 2020 with 60 units of inventory that cost $8 each. During April, the store completed the following inventory purchases.

		# of Units	Unit cost
April 3	Purchase	140	10
April 11	Purchase	100	12
April 20	Purchase	50	14

On April 25 the company sold 210 units for $30 each.

Required:

A. Compute ending inventory and cost of goods sold for April 2020 under both FIFO & weighted average cost, using the periodic inventory system.

B. Calculate the gross profit for Ariels Grotto Limited for April 2020 assuming they are using FIFO for calculating the cost of inventory.