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Question 4 The following three identical units of Item Beta are purchased during sun Item Beta Units Cost June 2 Purchase $50 June 12 Purchase

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Question 4 The following three identical units of Item Beta are purchased during sun Item Beta Units Cost June 2 Purchase $50 June 12 Purchase $60 June 23 $70 Purchase $180 Totals Assume that one unit is sold on June 27 for $110. Determine the gross profit for June and ending inventory on June 30 using the: a. First-in, first-out method b. Last-in, first-out method c. Weighted average method

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