Question $5$

Below are the merchandise transactions of Yellow Company for the month of January $2024.$

$\backslash$table$[[$January $1,2024,$Beginning Inventory, $3,000$ units purchaser$],[$January $5,2024,$Purchased $3,000$ units at $$8$ per unit.$],[$January $10,2024,$Purchased $4,000$ units at $$12$ per unit.$],[$January $15,2024,$Sold $8,000$ units for $$15$ per unit.$],[$January $20,2024,$Purchased $2,000$ units at $$13$ per unit$],[$January $25,2024,$Sold $3,000$ units for $$17$ per unit$]]$

Required:

$(1)$ Under the FIFO Cost$-$flow method, $(2)$ Under the LIFO Cost$-$flow method, and $(3)$ Under the Weighted Average Cost$-$flow method;

a$.$ Fill the below inventory card

b$.$ Calculate Gross Profit

c$.$ Calculate Gross Profit Margin

d$.$ Calculate the Cost of Ending Inventory

$\backslash$table$[[$DATE$,$PURCHASED,COGS,BALANCE $($ON HAND$),],[,$Unit,Cost,Total,Unit,Cost,Total,Unit,Cost,Total$],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,]]$ Question $5$ Below are the merchandise transactions of Yellow Company for the month of January $2024.$ January $1,2024$ Beginning Inventory, $3,000$ units purchased at $$6$ per unit. January $5,2024$ Purchased $3,000$ units at $$8$ per unit. January $10,2024$ Purchased $4,000$ units at $$12$ per unit. January $15,2024$ Sold $8,000$ units for $$15$ per unit. January $20,2024$ Purchased $2,000$ units at $$13$ per unit January $25,2024$ Sold $3,000$ units for $$17$ per unit Required: $(1)$ Under the FIFO Cost$-$flow method, $(2)$ Under the LIFO Cost$-$flow method, and $(3)$ Under the Weighted Average Cost$-$flow method; a$.$ Fill in the below inventory card b$.$ Calculate Gross Profit c$.$ Calculate Gross Profit Margin d$.$ Calculate the Cost of Ending Inventory