Beginning Inventory	# of units	Cost per unit	Total
Beginning Inventory	15	$10	$150
Jan 1. Purchase	15	$11	$165
Jan 10. Purchase	15	$12	$180
Total	45

1. During January, AA sold 20 units at $30 per unit.

Under FIFO, how much is the Gross Profit?

$365

$380

$390

$395

2. During January, AA sold 20 units at $30 per unit Under the Weighted Average Method, how much is the Gross Profit?.

$365

$380

$395

$400

3. During January, AA sold 20 units at $30 per unit.

Under FIFO, how much is the Cost of Goods Sold?

$205

$235

$260

$290

4. During January, AA sold 20 units at $30 per unit.

Under FIFO, how much is the value of ending inventory?

$205

$235

$260

$290

5. During January, AA sold 20 units at $30 per unit.

How much is the value of ending inventory under the Weighted Average Method?

$195

$220

$275

$300

6. During January, AA sold 20 units at $30 per unit.

Under LIFO, how much is the Cost of Goods Sold?

$205

$235

$260

$290