Printem Cost Flow Methods The following three identical units of Item K113 are purchased during April: Item Beta Units Cost April 2 Purchase 1 $116 Purchase 1 119 April 15 April 20 Purchase 1 122 Total 3 $357 Average cost per unit $119 ($357 + 3 units) Assume that one unit is sold on April 27 for $169. Determine the gross profit for April and ending inventory on April 30 using the ca) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) b. Last-In, first-out (LIFO) c. Weighted average cost Sho 0-14_HANDOU.. pof WRD Fin Man 14 a 2 GO 11-05P 3/24/24