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please complete all parts of this question! thank you! During the year, Lenawee Incorporated has the following inventory transactions. Date January 1 March 4 June

please complete all parts of this question! thank you!
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During the year, Lenawee Incorporated has the following inventory transactions. Date January 1 March 4 June 9 November 11 Transaction Beginning inventory Purchase Purchase Purchase Number of Units 18 23 28 28 97 Unit Total Cost Cost $20 $360 19 437 18 504 16 448 $1,749 NN Kipped eBook For the entire year, the company sells 71 units of inventory for $28 each. Required: 1-a & b. Using FIFO, calculate ending inventory and cost of goods sold. 1-c & d. Using FIFO, calculate sales revenue and gross profit. 2-a & b. Using LIFO, calculate ending inventory and cost of goods sold. 2-c& d. Using LIFO, calculate sales revenue and gross profit. 3-a & b. Using weighted-average cost, calculate ending inventory and cost of goods sold. 3-c& d. Using weighted average cost, calculate sales revenue and gross profit. 4. Determine which method will result in higher profitability when inventory costs are declining. References Reg ia and b Req ic and d Reg 2a and b Req 2c and d Req 3a and b Req 3c and d Req 4 Ending Inventory ences Number of units Cost Ending per unit Inventory Using FIFO, calculate ending Inventory and cost of goods sold. FIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Number Cost per Goods Cost of Number Cost per of units unit Available of units unit Goods for Sale Sold Beginning Inventory 18 $ 20 $ 360 $ 20 S 0 Purchases: March 04 23 $ 19 437 $ 19 0 June 09 28 $ 18 504 $ 18 0 November 11 28 $ 16 448 $ 16 0 Total 97 $ 1,749 Reg ia and b Req ic and Reg za and b Reg 2 and a Reg 3a and b Req 3c and d Reg 4 Using FIFO, calculate sales revenue and gross profit. Sales revenue Gross profit bed Req la and b Req ic and dreq 2a and Reg 2c and d Req 3a and b Reg 3c and d Req 4 Book Ending Inventory rences Number Cost Ending of units per unit Inventory Using LIFO, calculate ending inventory and cost of goods sold. LIFO Cost of Goods Available for Sale Cost of Goods Sold Cost of Number Cost per Goods Number Cost per Cost of of units unit Goods Available of units unit Sold for Sale Beginning Inventory 18 $ 20$ 360 Purchases March 04 23 $ 19 437 June 09 28 $ 18 504 November 11 28 S 16 448 Total 97 $ 1.749 tabs below. Regla and b Req ic and d Reg 2a and Reg 2c and Reg 3a and b Reg 3c and d Reg 4 Using LIFO, calculate sales revenue and gross profit. Sales revenue Gross profit Reg la and b Req ic and d Reg 2a and b Req 2c and d Reg 3a and bReq3c and d Reg 4 Using weighted average cost, calculate ending inventory and cost of goods sold. (Round Average cost per unit to 4 decimal places and all other a Cost of Goods Available for sale Cost of Goods Sold - Weighted Average Ending Inventory - Weighted Average Cost Cost Weighted Average Cost Number Average Cost Cost of Goods Number Average Cost Cost of Number of Average Cost Ending of units Available for per unit of units per Unit Goods Sold units per unit Inventory ces Sale 18 $ 360 23 Beginning Inventory Purchases March 04 June 09 November 11 Toto 28 28 97 437 504 448 1,749 $ Reg la and b Reg 1c and d Reg 2a and b Req 2c and a Req 3a and bReq 3c and d Reg 4 Using weighted-average cost, calculate sales revenue and gross profit. (Round answers to 2 decimal places.) Sales revenue Gross profit Reg ia and b Req ic and d Reg 2a and b Req 2c and d Reg 3a and b Req 3c and d Reg 4 Determine which method will result in higher profitability when inventory costs are declining. Determine which method will result in higher profitability when inventory costs are declining

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