During January, a company that uses a perpetual inventory system had beginning inventory, purchases, and sales as follows:Sales price was $20 per unit.

Beginning Inventory Units. Unit Cost

100. $10

Jan. 5 purchased 40. 12

Jan.10 Sold. 60. ____

Jan 15 purchased 70. 13

Jan.25 sold 50. _____

REQUIRED:ANSWER ALL OF THE FOLLOWING PARTS (A, B, and C).

A. Determine the cost of the company's January 31 gross profit, cost of goods sold, and ending inventory for the month using the FIFO method. Show all details.

B. Determine the cost of the company's January 31 gross profit, cost of goods sold, and ending inventory for the month using the LIFO method.Show all details.

C.Determine the cost of the company's January 31 gross profit, cost of goods sold, and ending inventory for the month using the average cost method. Show all details.