Bell are now in the month of July and make purchases and few sales. Calculate the Gross profit and Cost of Good Sold for Bell. Co by using perpetual inventory system

a. FIFO

b. Moving Weighted Average Method

Bell has following purchases and sales on the respective dates.

Date	Inventory	Units	Price $
July1	Beg. Inventory	211@	61
July 7	Purchases	100@	59
July 10	Purchases	42 @	55
July 13	Purchases	76@	75
July 17	Purchases	42 @	36
August 15	Purchases	100@	63

S. P= Selling Price C.P = Cost Price

Date	Inventory	Units	Price $
July 10	Sales	111@	70
July 15	sales	61 @	75
July 29	Sales	152 @	80
August 2	Sales	60@	70
August 12	Sales	15@	65