I

Required information

$($b$)$ Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.

$($c$)$ Compute the gross profit for each method.

$\backslash$table$[[$a$)$ Periodic FIFO$],[,$Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[,\backslash$table$[[$# of units$],[200]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[$# of units$],[$sold$],[200]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[\backslash$table$[[$# of units$],[$in ending$],[$inventory$]]],[0]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$Beginning inventory,$$,10\mathrm{.}00,$$$,2,000,$$$10\mathrm{.}00,$$$,2,000,,],[$Purchases:$],[$March $14,350,$$$,15\mathrm{.}00,,5,250,,,,,,,,],[$July $30,450,$$$,20\mathrm{.}00,,9,000,,,,,,,,],[$October $26,100,$$$,25\mathrm{.}00,,2,500,0,,,,100,$$$25\mathrm{.}00,,2,500],[$Total$,1,100,,,$$$,18,750,200,,$$$,2,000,100,,$$$,2,500]]$

b$)$ Periodic LIFO

$\backslash$table$[[$Beginning inventory,Cost of Goods Available for Sale,Cost of Goods Sold,Ending Inventory$],[\backslash$table$[[$# of units$],[200]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of Goods$],[$Available for$],[$Sale$]],\backslash$table$[[\backslash$table$[[$# of units$],[$sold$]]],[]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Cost of$],[$Goods Sold$]],\backslash$table$[[\backslash$table$[[$# of units$],[$in ending$],[$inventory$]]],[200]],\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Ending$],[$Inventory$]]],[$$$,10\mathrm{.}00,$$$,2,000,$$$,10\mathrm{.}00,$$$,2,000],[$Purchases:$],[$March $14,350,$$$,15\mathrm{.}00,,5,250,,,,,,15\mathrm{.}00,,4,500,-10$