Assume that one unit is sold on April 30 for $132.

Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods.

\begin{tabular}{lllcc} & & Item Alpha & Units & Cost \\ \hline Apr. & 2 & Purchase & 1 & $76 \\ & 14 & Purchase & 1 & 81 \\ & 28 & Purchase & 31 & $24083 \\ & Total & =3 & $80($2403 units ) \end{tabular}