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