Assume that a company started October with 70 units of merchandise inventory that cost $ 74 each. During October, the company made the following purchases:

Assume that a company started October with 70 units of merchandise inventory that cost $74 each. During October, the company made the following purchases: : (Click the icon to view the purchases.) The company uses a periodic inventory system. Assume that a physical inventory count on October 31 indicates that 80 units are on hand. (For weighted average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) Data Table (A) Calculate the cost of ending inventory, and cost of goods sold for October, using each inventory costing method. Oct. 3 20 units @ $ 76 each FIFO LIFO Weighted average 12 30 units @ $ 78 each 40 units @ $ 94 each 18 Ending inventory Cost of goods sold Print Done (B) Assume that total sales revenue for October was $21,000. Calculate gross profit for October using each inventory costing method. FIFO Cost LIFO Cost Weighted average Gross profit