• How do I calculate the cost of goods available for sale in December.
• How do I calculate the cost of sales for 14 December using the FIFO method.
• How do I calculate the cost of sales for 14 December using the LIFO method.
• How do I calculate the cost of sales using the weighted average cost method?
• How to calculate the $ amount assigned to the inventory on hand at 31 December and the gross profit earned for the month of December?

Anna's Frozen Treats Ltd sells only one product, a refreshing lemonade ice-block that is very popular during the summer. The company uses the perpetual inventory system for recording its cost of sales. The inventories and purchases for the month of December 2019 are as follows: her Beginning inventory n During the month units were sold for $3.50 per unit