INSTRUCTIONS: Calculate ending inventory, cost of goods sold and gross profit using: Purchases COST OF GOODS SOLD Balance A FIFO units cost units COST cost B LIFO Date purchased per unit total sold per unit total units per unit total B AVERAGE COST Purchases Total Sales Selling Total Units Unit Cost Purchases Units price per unit sales 1-Apr Beginning Inventory 1 $3 3 3-Apr Purchases 3 $4 12 5-Apr Sales 3 $10 30 10-Apr Purchases 5 $5 25 20-Apr Sales 2 $10 20 25-Apr Purchases 2 $6 12 28-Apr Sales 3 $10 30 TOTALS 11 52 8 80 (8) Ending inventory in units 3 ENDING INVENTORY COST OF GOODS SOLD GROSS PROFIT 0