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Katzer LLC uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for 2017. Units Cost per unit Totals Beginning inventory

Katzer LLC uses the periodic inventory system. The following table shows beginning inventory and inventory purchases for 2017.

Units Cost per unit Totals

Beginning inventory 4,420 $61 269,620

March 1 2,652 $67 177,684

June 12 1,856 $74 137,344

October 18. 3,448 $77 265,496

Katzer LLC sold 7,350 units for $100 each

Required: fill in the following table with amounts for cost of goods sold for 2017 based on the fifo, lifo, and weighted average inventory valuation methods.

Costs of goods Sold ($) FIFO ______? LIFI _____ ?Weighted -average ______?

Required: fill in the following table with amounts for gross profit and ending inventory for 2017 based on the fifo, lifo, and weighted average inventory valuations method.

Gross profit ($). FIFO____? LIFO_____? Weighted-average_____?

Ending inventory ($). FIFO_____? LIFO____? Weighted-average____?

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