Cost Flow Methods The following three identical units of Item PX2T are purchased during April: April 2 April 15 April 20 Total Item Beta Units Cost Purchase 1 $190 Purchase 1 193 Purchase 1 196 3 $579 $193 ($579 3 units) Average cost per unit Assume that one unit is sold on April 27 for $239. Determine the gross profit for April and ending la Gross Profit Ending Inventory a. First-in, first-out (FIFO) 49 389 b. Last-in, first-out (LIFO) 46 X 383 c. Weighted average cost 43 X 386 Feedback