at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. does not require an entry, leave it blank.

Determine the gross profit from sales for the period.

$

Determine the ending inventory cost as of June $30.$

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Based upon the preceding data, would you expect the inventory using the last$-$in$,$ first$-$out method to be higher or lower?FIFO Perpetual Inventory

The beginning inventory of merchandise at Rhodes Co$.$ and data on purchases and sales for a three$-$month period ending June $30$ are as follows: