can you please calculate gross profit?

Pharoah Company sells a snowboard, WhiteOut, that is popular with snowboard enthusiasts. Presented below is information relating to Pharoah Company's purchases of WhiteOut snowboards during September. During the same month, 115 WhiteOut snowboards were sold at $170 each. Pharoah Company uses a periodic inventory system Explanation Date Units Unit Cost Total Cost $2,900 29 $100 Sept. 1 Inventory 39 106 4,134 Sept. 12 Purchases 28 110 3,080 Sept. 19 Purchases 42 112 4,704 Sept. 26 Purchases $14,818 138 Totals Your answer is correct. Compute the ending inventory at September 30 and cost of goods sold using the FIFO and LIFO methods. FIFO LIFO The ending inventory $ 2576 $ 2300 Cost of goods sold 12242 CA $ 12518 Your answer is correct. For both FIFO and LIFO, calculate the sum of ending inventory and cost of goods sold. FIFO LIFO The sum of ending inventory and cost of goods sold 14818 $ 14818 What do you notice about the answers you found for each method? Under both methods, the sum of the ending inventory and cost of goods sold are equal the same amount e Textbook and Media