In addition to the value of Ending Inventory, calculate gross profit under each scenario assuming Sales for the period were $100 per case.

Total Cost Problem 14 La Boca Restaurant made the following purchases of chardonnay wine: # of Cases Price/Case Beginning Inventory Jan. 1: 20 $60 March 10 25 61 June 20 30 63 Aug. 29 27 64 Oct. 10 35 67 Dec. 1 20 68 Available for sale 157 $ 1,200 1,525 1,890 1,728 2,345 1,360 10,048 On December 31, La Boca had an inventory of twenty-five cases of chardonnay wine. Required: Calculate the value of the ending inventory of twenty-five cases under weighted average, LIFO, and FIFO