Colby Corporations 2021 inventory purchases and sales are as follows:

Purchases:
Beginning Inventory		50 units @ $200 per unit
Purchase 1 on 2/1/21		25 units @ $210 per unit
Purchase 2 on 6/15/21		25 units @ $220 per unit
Sales:
Sale 1 on 3/12/21		40 units @ $500 per unit
Sale 2 on 10/15/21		30 units @ $510 per unit

Compute Ending Inventory, Sales, COGS, and Gross Margin under each of the inventory cost flow assumptions and fill in your answers on the table below. Colby uses PERIODIC inventory tracking.

	FIFO	Weighted Average	LIFO
Ending Inventory
Sales
Cost of Goods Sold
Gross Margin