Questions:

1. Ending Inventory?

2. Total cost available for sale?

3. Total number of units available for sale?

4. Ending inventory if the company uses LIFO?

5. Gross profit if the company uses FIFO?

6. Cost of goods sold if the company uses average cost?

7. Ending inventory if the company uses average cost?

8. gross profit if the company uses average cost?

Aurora Co. has beginning inventory of 15,000 units at a cost of $34,000. Total sales of 225,000 units were $865,000. The following purchases were made: Quarter Units Unit Cost Total Cost 60,000 50,000 50,000 70,000 $2.40 $2.50 $2.60 $2.75 $144,000 $125,000 $130,000 $192,500 Calculate the following: FIFO -Ending Inventory COGS Gross Profit LIFO -Ending Inventory COGS Gross Profit Avg Cost-Ending Inventory COGS Gross Profit