Cost Flow Methods

The following three identical units of Item L03V are purchased during April:

Cost Flow Methods The following three identical units of Item LOV are purchased during April Item Beta Units Cost Aprill 2 1 $170 Purchase Purchase Purchase April 15 April 20 173 175 Total $519 Average cost per unit $173 (85193 units) Assume that one unit is sold on Apr 27 for $225. 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 (UTO); and (c) weighted average cost method Gross Profit Ending Inventory a. First-in, first-out (FIFO) b. Last-in, first-out (FO) Weighted average cost Co My work mor Check My Work uses remaining Nexe) Alle Save and Exit Submit Assignment for Grading