Part C

NapCo had the following information:

$\backslash$table$[[$Beg Inventory,Units,,Price$/$Unit$],[$Purchase$,1,000,200,],[$Purchase$,3,000,$$$,250],[$Sold$,1,500,$$$,325],[,4,400,$$$,500]]$

Calculate FIFO, LIFO, and Weighted Average for each. Show your work.

$\backslash$table$[[1,$Calculate the value of Ending Inventory,$],[2,$Calculate the schedule for Cost of Goods Sold,$],[3,$Calculate the schedule for Gross profit,$],[44,$Calculate the Gross Profit Percentage,$],[5,$What inventory method would you suggest and why?,$],[6,,]]$

$6$ Identify a few ways in which NapCo can improve its Gross Profit Percentage?