fax manufacturing has the following information in related to commodity D2 July

July 1 beginning inventory 15 units @30

July 4 sales 5 units @35

July 10 purchase 10unit @32

July 14 sales 12 unit @39

July 21 sales 3 unit @40

July 30 purchase 10 unit @33

Required

Task 1.1 if the company used perpetual inventory system and FIFO costing method

A. determine cost of good sold and cost of ending inventory on hand at the end of year

B. Determine amount of gross profit

Task 1.2 if the company used periodic inventory system and LIFO costing method

A. determine cost of good sold and cost of ending inventory on hand at the end of year

B. Determine amount of gross profit