During the year, ABC Corporation has the following transactions and the ending inventory is 80 units. The company's each unit selling price is $70. The company uses a periodic inventory system. Date Total Unit Cost Cost Jan. 1. $52 3,120 Units Transaction Number Beginning 60 Inventory Purchase 140 Purchase 210 Purchase 120 Apr. 7 Jul. 16 54 57 58 7,560 11,970 6,960 Oct. 6 Using each of FIFO, LIFO, and Weighted Average calculate on your note pad each of the following then answer the Quiz questions. Ending Inventory COGS Revenue Gross Profit Using FIFO, what is ending inventory? $4,200 $4,640 $6,359 $4,469 Using LIFO, what is ending inventory? $4,469 $4,300 $4,640 $4,200 Using Weighted average cost, what is ending inventory? $4,469 $4,200 $4,496 $6,359 Using FIFO, what is COGS? $24,970 $25,141 $25,520 $25,410 Using LIFO, what is COGS? $24,510 $24,970 $25,410 $25,141 Using Weighted-average cost, what is COGS? $25,410 $24,541 $24,970 $25,141 Using FIFO, what is Gross Profit? $6,530 $6,359 $4,640 $6.090 Using LIFO, what is Gross Profit? $6,359 $6,530 $4,469 $6,090 Using Weighted average cost, what is Gross Profit? $6,395 $6,090 $6,530 $6,359 What is total revenue using FIFO? $31,500 $32,800 $32,500 $33,800