Into Company uses a periodic inventory system and reported

the following inventory information for August:

Operating expenses for the month of August totaled $$225,000$

and Into Company's income tax rate was $25\%.$

Calculate the amount of gross profit reported on Into Company's

income statement for August using the FIF$0$ method.calculate the dollar amount of ending inventory shown on Into

Company's August $31$ balance sheet using the weighted average

method.