During the year, Rosenberg Incorporated has the following inventory transactions. Date Transaction Number of Unit Total January 1 March 4 June 9 Beginning inventory Purchase Purchase November 11 Purchase Units Cost Cost 23 $25 $575 28 24 672 33 23 759 33 21 693 117 $2,699 For the entire year, the company sells 89 units of inventory for $33 each. Required: 1-a & b. Using FIFO, calculate ending Inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Using FIFO, calculate ending inventory and cost of goods sold. FIFO Cost of Goods Available for Sale Cost of Goods Sold of units Number Cost per unit Cost of Goods Available for Sale of units Number Cost per unit Cost of Goods Sold Ending Inventory Cost Number Ending of units per unit Inventory Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using FIFO, calculate ending inventory and cost of goods sold. Req 4 FIFO Beginning Inventory Purchases: Cost of Goods Available for Sale Cost of Goods Sold Number of units Cost per unit Cost of Goods Available Cost of Number Cost per of units unit Goods Sold for Sale 23 $ 25 $ 575 $ 25 March 04 28 $ 24 672 $ 24 June 09 33 $ 23 759 November 11 33 $ 21 693 Total 117 $ 2,699 Ending Inventory Number Cost Ending of units per unit Inventory Regan Req 1c and d > November 11 Purchase 33 21 693 $2,699 117 For the entire year, the company sells 89 units of inventory for $33 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using FIFO, calculate sales revenue and gross profit. Sales revenue Gross profit Req 4 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using LIFO, calculate ending inventory and cost of goods sold. Req 4 LIFO Beginning Inventory Purchases: March 04 June 09 November 11 Total Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory Number Cost per Cost of Goods Number Cost per Cost of Goods Number Cost Ending of units unit Available of units unit of units per unit Inventory Sold for Sale 23 $ 25 $ 575 28 33 SS $ 24 $ 33 $ 21 232 672 759 693 117 $ 2,699 < Req 1c and d Req 2c and d > Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Using LIFO, calculate sales revenue and gross profit. Sales revenue Gross profit Req 4 Seved 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Help Save & Exit Submit Using weighted-average cost, calculate ending inventory and cost of goods sold. (Round "Average Cost per unit" to 4 decimal places and all other a Cost of Goods Sold-Weighted Average Cost Ending Inventory-Weighted Average Weighted Average Cost Beginning Inventory Cost of Goods Available for Sale Cost Number of units Average Cost per unit Cost of Goods Available for Number of units Average Cost per Unit Cost of Goods Sold Number of units Average Cost per unit Ending Inventory Sale 23 $ 575 Purchases March 04 28 672 June 09 33 759 November 11 33 693 Total 117 $ 2,699 Number of Unit Total Datel Transaction Units Cost Cost January 1 Beginning inventory 23 $25 $575 March 4 Purchase 28 24 672 June 9 Purchase 33 23 759 November 11 Purchase 33 21 693 117 $2,699 For the entire year, the company sells 89 units of inventory for $33 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Req 41 Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) Sales revenue Gross profit Date January 1 March 4 June 91 Transaction Units Cost Cost Beginning inventory 23 $25 $575 Purchase 28 24 672 Purchase 33 23 759 November 11 Purchase 33 21 693 117 $2,699 For the entire year, the company sells 89 units of inventory for $33 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c & d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c & d. Using weighted-average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. Complete this question by entering your answers in the tabs below. Req 4 Req 1a and b Req 1c and d Req 2a and b Req 2c and d Req 3a and b Req 3c and d Determine which method will result in higher profitability when inventory costs are declining. Determine which method will result in higher profitability when inventory costs are declining