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periodic

2. Transactions for the month of June were: Purchases June 1 (balance) 2,200 @ $4.00 3 3,300 @ 4.10 7 1,800 @4.30 15 2,700 @ 4.40 22 950 @ 4.50 June 2 6 9 10 18 Sales 900 @ $5.50 2,100 @ 5.50 1,500 @ 5.50 600 @ 6.00 2,500 @ 6.00 Compute a) cost of ending inventory; b) cost of goods sold and c) gross profit A) Assuming LIFO I B) Assuming FIFO C) Assuming Weighted Average