Beginning Inventory 1/1/16: Sale 1/3/16: Purchase 1/4/16 : Sale 1/5/16: Purchase 1/7/16: Purchase 1/17/16: Sale 1/18/16: Sale 1/25/16: Purchase 1/30/16: 15 units @$1.00 per unit 10 Units @ $5.00 per unit 10 units @ $1.10 per unit 10 unit @ $5.00 per unit 20 units @$1.20 per unit 15 units @ $1.40 per unit 15 units @$5.00 per unit 15 units @ $5.00 per unit 5 units @ $1.50 per unit For the Month of January 2016 compute the following amounts using the periodic method (show your work on the back or a separate sheet of paper): 1. Assuming FIFO cost flow assumption Cost of Goods Sold is 2. Assuming FIFO cost flow assumption Ending Inventory is 3. Assuming LIFO cost flow assumption Cost of Goods Sold is 4. Assuming LI FO cost flow assumption Ending Inventory is 5. Assuming Weighted Average cost flow assumption Cost of Goods Sold is 6. Assuming FIFO cost flow assumption Gross Profit is 7. Assuming Weighted Average cost flow assumption Gross Profit is 8. Under the LIFO assumption the Gross Profit Percentage is 9. Assuming FIFO cost flow assumption the inventory turnover ratio is 10. Assuming FIFO cost flow assumption the days to sell is