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ook Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 14,300 units 27 int Number of
ook Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 14,300 units 27 int Number of Date Beginning Units Unit Cost 2,900 10.30 Total Cost $ 29,870 March 12 4,100 10.20 June 5 rences 2,800 10.10 41,820 20,200 October 22 7,400 9.90 Totals 17,200 73,260 $173,230 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold. Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit
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