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QUESTION 22 The following information is available for DeGrom Corporation's beginning inventory and purchases of inventory for April 2021 Data Units Unit cost Total cost

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QUESTION 22 The following information is available for DeGrom Corporation's beginning inventory and purchases of inventory for April 2021 Data Units Unit cost Total cost Beginning inventory 100 $24 20 $2.420 April 3 300 26.60 7,980 April 16 600 22.50 13,500 April 21 300 35.80 10.740 April 29 100 27.40 2.740 1.400 $37,380 A physical count revealed that 450 units of inventory were remaining at Apni 30, 2021. During April, DeGrom sold 950 units of inventory at $40/unit, Required: A Determine the cost of DeGrom's inventory at April 30, 2021 assuming the first-r first-out (FIFO) cost flow assumption is used B Determine DeGrom's cost of goods sold for the month of April 2021 assuring the lastin, first-out (LIFO) cost flow assumption is used. Determine DeGrom's gross profit for the month of April 2021 assurning the weighted average method is used.

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