Orion Iron Corp. trscks the number of units purchssed snd sold throughout esch year but spplies its inventory costing methad st the

end of the yesr sa if it uses a periocic inventory system. Assume is accounting records provided the following informetion st the end

of the snnuel eccounting period, December $32$

Requlred:

Colculate the number snd cost of goods svilsble for sole.

$2$ Colculate the number of units in ending inventory.

Compute the coat of ending Inventory and coat of goods sold under $($a$)$ FFO snd $($b$)$ weighted oversge cost. $($Round Weighted

average cost per unlt to two decimal places and final answers to the nearest dollar amount.$)$

Prepsre on Income atstement that showa amounts for the FIFO method in ane column snd for the weighted oversge method in

another column. Inclube the follawing line sema in the income ststement Seles, Coat of Goods Sold, Gross Profit, Operating Expenses,

and Income from Operations. $($Raund Welghted sverage cost per unit to two decimel places and final answers to the nearest dollar

amaunt.$)$