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Assume that Apex Tire Company completed the following inventory transactions for a line of tires. Beginning inventory Purchase Sale 2 4 tires @ $ 6

Assume that Apex Tire Company completed the following inventory transactions for a line of tires.
Beginning inventory
Purchase
Sale
24 tires @ $63
11 tires @$76
11 tires @ $76
16 tires @ $111
Compute Cost of Merchandise Sold and Gross Profit under FIFO, LIFO, and Average Cost.
(Round Average Cost per unit to the nearest cent and all other amounts to the nearest dollar).
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