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B LIFO LAST-IN FIRST-OUT STRUCTIONS: Calculate ending inventory, cost of goods sold and gross profit using: 1-Apr Beginning Inventory 3-Apr Purchases 5-Apr Sales 10-Apr Purchases

B LIFO LAST-IN FIRST-OUT STRUCTIONS: Calculate ending inventory, cost of goods sold and gross profit using: 1-Apr Beginning Inventory 3-Apr Purchases 5-Apr Sales 10-Apr Purchases 20-Apr Sales 25-Apr Purchases 28-Apr Sales TOTALS A FIFO B LIFO B AVERAGE COST Purchases Total Sales Selling Total Units Unit Cost Purchases Units price per unit sales 1 $ 3 3 3 $ 4 12 3 $ 10 30 5 $ 5 lin 25 2 $ 10 20 2 $ 6 12 3 $ 10 30 52 8 80 11 (8) Ending inventory in units 3

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