Date Explanation Units Unit Cost Sold Units Price COGA Sales 1-Jul Beginning inventory 100 $ 20.00 $ 2,000.00 5-Jul SALE 60 $ 30.00 $ 1,800.00 8-Jul Purchase 10-Jan SALE 12-Jan Purchase 20-Jan SALE 21-Jan Purchase 130 $ 21.00 $ 2,730.00 70 $ 31.00 $ 2,170.00 30 $ 22.00 $ 660.00 110 $ 31.00 $ 3,410.00 90 $ 23.00 $ 2,070.00 25-Jan SALE Totals 350 30 $ 270 30.00 $ 900.00 $ 7,460.00 $ 8,280.00 31-Jan Ending inventory What is the gross profit under each method? We can answer now because we have sales info. What is the cost of the units sold and kept? FIFO, First in First out COGS Ending Inventory Units Unit Cost COGS Ck figure COGA End Inv LIFO, Last in First out COGS Units Unit Cost COGS Ending Inventory Average Cost COGS Ending Inventory + Ck figure COGA End Inv per unit COGS End Inv Ck figure COGA Gross Profit Gross Profit Gross Profit Gross Profit Gross Profit Gross Profit