Name s. A fire completely destroyed the entire inventory of Printing Delight Co. on March 15, 20 F information is taken from the books of Printing Delight Co for the time period, January 1, 20 through March 15, 20 Beginning inventory, January 1, 20 Net purchases Net sales, January 1, Normal gross profit percentage of sales s 45,000 252,000 378,000 37% 1, through March 15, 20 gh March 15, 20 Required Estimate the cosnof soods sold for the time period Jamuary 1 through March 15,20singthe 1 gross profit method Estimate the amount of 2. gross profit method. 6. Smart Tech's beginning inventory and purchases for the month of August were as follows #of Units 600 Cost per UnitAmount $7.00 $ 4,200 $7.50 $8.00 $8.75 2,625 Beginning inventory 3,000 First purchase Second purchase Third purchase Number of units available for sale On hand Number of units sold Required: Calculate the total amount to be assigned to cost of goods sold and ending inventory for August 31, using each of the following methods 400 500 4,000 300 1, 800 400 513,825 1.400 a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted-average cost (round the unit price)