Cost Flow Methods The following three identical units of Item P401C are purchased during April: Item Beta Units Cost $100 120 140 3$360 April 2 Purchase Purchase 1 Purchase 15 20 Total Average cost per unit $120 ($360 3 units) Assume that one unit is sold on April 27 for $300 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 (uFO); and (c) weighted average cost method. Gross ProfitEnding Inventory a. First-in, first-out (FIFO) bLast-in, first-out (LIFO) c. Weighted average cost PreviousS Next Check My Work 2 more Check My Work uses remaning. Email Instructor Save and Exit Submit Assignment for Grading All work saved. 8-20 PM 10/18/2017