Cost Flow Methods The following three identical units of Item K113 are purchased during April: Item Beta Units Cost April 2 Purchase 1 $93 April 15 Purchase 1 96 April 20 Purchase 1 99 Total 3 $288 Average cost per unit $96 ($288 3 units) Assume that one unit is sold on April 27 for $124. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) $fill in the blank 1 31 $fill in the blank 2 b. Last-in, first-out (LIFO) $fill in the blank 3 25 $fill in the blank 4 c. Weighted average cost $fill in the blank 5 28 $fill in the blank 6