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Question 1 (35) Units Sold Cleaver Company reported the following information: Units Unit Cost Jan 1 Beginning inventory 720 $25 Mar 1 Sale Apr 15

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Question 1 (35) Units Sold Cleaver Company reported the following information: Units Unit Cost Jan 1 Beginning inventory 720 $25 Mar 1 Sale Apr 15 Purchase 800 30 Jun 22 Sale Oct 11 Purchase 910 35 Nov 15 Sale 650 810 600 Selling price per unit during the year: $55 (A) Complete the following table. Date Cost Purchased per Unit Units s Total Cost S Sald Units Perpetual FIFO S Perpetual Weighted Average Units S Units S s (B) Among the FIFO, LIFO and WA methods, identify which methods will give the highest and lowest profit figures. Explain with graphs, if necessary. State your assumptions

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