Cost Flow Methods The following three identkal units of Item A are purchased during April Apr. 2 Purchase Total Average cost per unit $72 5216 + 3 Assume that one unit is sold on April 30 for $118. t-out (b) last-infirst-out (LIFO) and (c) weighted average cost Determine the gross profit for April and ending inventory on April 30 using the (a) first- i Gross Profit Ending Inventory .. First in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost