Problem 14 La Boca Restaurant made the following purchases of chardonnay wine: # of Cases 20 25 30 27 35 20 157 Price/Case $60 61 63 64 67 68 Total Cost $ 1,200 1,525 1,890 1,728 2,345 Bucht 1,360 10,048 Beginning Inventory Jan. 1: March 10 June 20 Aug. 29 Oct. 10 Dec. 1 Available for sale On December 31, La Boca had an inventory of twenty-five cases of chardonnay wine. Required: Calculate the value of the ending inventory of twenty-five cases under weighted average, LIFO, and FIFO. In addition to the value of Ending Inventory, calculate gross profit under each scenario assuming Sales for the period were $100 per case. Thank you!!!

Problem 14 La Boca Restaurant made the following purchases of chardonnay wine: On December 31, La Boca had an inventory of twenty-five cases of chardonnay wine. Required: Calculate the value of the ending inventory of twenty-five cases under weighted average, LIFO, and FIFO. 10.14 In addition to the value of Ending Inventory, calculate gross profit under each scenario assuming Sales for the period were $100 per case