Jamros Company had the following sales and purchases during 2011, its first year of business: (Click the icon to view the sales and purchases.) Requirements 1. Calculate the ending inventory, the cost of goods sold, and the gross profit for the December 31, 2011, financial statements under each of the following assumptions: a. FIFO periodic b. LIFO periodic c. Weighted average cost periodic Find the cost of goods sold using the FIFO periodic method. (Complete all input boxes by entering zero in the units or amount column as necessary.) January 5 purchase Units 35 10 O X x x x Cost $ 80 $ 125 $ 130 = = = = Amount $ 2,800 1,250 June 30 purchase More Info November 28 purchase Cost of Goods Sold - FIFO method $ 4,050 Find the ending inventory using the FIFO periodic method. (Complete all input boxes by entering zero in the X Cost x $ 80 x $ 125 x $ 130 = = = = Units January 5 purchase 35 June 30 purchase 40 November 28 purchase 20 Cost of Ending Inventory - FIFO method January 5 February 15 April 10 June 30 August 15 November 28 Amount 2800| 5000 2,600 Purchased 35 units at $80 each Sold 10 units at $165 each Sold 20 units at $165 each Purchased 40 units at $125 each Sold 15 units at $165 each Purchased 20 units at $130 each 10400 Print Done Enter any number in the edit fields and then click Check