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Cate Jen 1 Feb 10 Max 13 Ma, 15 Aug, 21 Sap. 5 Sep 10 Begrming twentory. Purchase Purchase. Sales** Purchese... Purchase.. Senest Totals. 600
Cate Jen 1 Feb 10 Max 13 Ma, 15 Aug, 21 Sap. 5 Sep 10 Begrming twentory. Purchase Purchase. Sales** Purchese... Purchase.. Senest Totals. 600 units @ $45.00 per ent 400 units a $42.00 per unit 200 un $27.00 per ent 100 units & $50.00 per unit 500 units $46.00 par unit 1,900 UTHS 300 units $75.00 per un 600 unts @ $75.00 perunt 1.400 units Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, and (c) weighted average method. [9 Marks] Calculate the gross profit under each method. (3 marks] h
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