'Assume that one unit is sold on April 30 for $384. 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.

HomepagesBCOriFine X ' cengagesvahou Search Res X {.1- Cengage X i: CengageNOWinOnlinete X n Homewiork HelpsQ&A frorr X I + i X (- G V2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?inprogress=true C' Q Search ' Q ' 9 3'3 5 A r'. Activity Take: Practice! Cost Flow Methods Question 1 1 pt Cost Flow Methods The following three identical units of Item PXZT are purchased during April: Item PX 2T Units Cost April 2 Purchase 1 $297 April 14 Purchase 1 300 April 28 Purchase 1 303 Total 3 $900 Average cost per unit $300 ($900 + 3 units) Assume that one unit is sold on Apr?! 30 for $384. Determine the gross prot for April and ending inventory on April 30 using the (a) rst-in, first- out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost methods. Grass Prot Ending Inventory a. First-in, rst-out (FIFO) $ $ b. Last-in, rst-out (LIFO) $ $ c. Weighted average cost $ $ Submit Answer Try Another Version V Save and Exit Submit Assignment for Grading 4:48 PM E Him/2017 7