Cost Flow Methods The following three identical units of Item A are purchased during April: Item A Purchase Purchase Purchase Units Cost $68 73 75 $216 Apr. 2 14 28 Total $72 ($216 3 units) Average cost per unit Assume that one unit is sold on April 30 for $118 Determine the gross profit for April and ending inventory on Apri 30 using the (a) first-in, first-out (FIFO): last-in, first-out (LIFO); and (c) weighted average cost methods. Ending Inventory Gross Profit a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Nex