Please answer he below question for mba 560 financial and managerial accounting ASAP.

Units Unit Cost Unit Sale Price

Aug 2 Sale 13 35 64

9 Purchase 78 36

13 Sale 34 35 64

18 Sale 7 36 66

22 Sale 38 36 66

29 Purchase 22 37

Assume a Sports Authority Sports Authority outlet store began August August 2012 with 47 pairs of running shoes that cost the store $ 35 each. The sale price of these shoes was $64. During August, the store completed the above inventory transactions:

Requirements 1. The preceding data are taken from the store's perpetual inventory records. Which cost method does the store use? Explain how you arrived at your answer.

2. Determine the store's cost of goods sold for August August. Also compute gross profit for August August.

3. What is the cost of the store's August August 31 inventory of running shoes? Sports Authority Sports Authority uses FIFO, LIFO or weighted average cost?