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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 10,100 units 27 Number of Date Beginning
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Sales Sale Price 10,100 units 27 Number of Date Beginning March 12 June 5 Units Unit Cost 1,700 10.30 Total Cost $ 17,510 2,900 10.20 29,580 1,600 10.10 16,160 October 22 5,600 9.90 55,440 Totals 11,800. $118,690 Required: 1. Use your spreadsheet to recalculate the Cost of Goods Sold, Inventory balances, and Gross Profit under each method and enter your results below: (Round your answers to the nearest whole dollar amount.) FIFO LIFO Weighted Average Cost of Goods Sold Ending Inventory Gross Profit
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