Revise your worksheet to reflect these updated assumptions and then answer the questions that follow.

Sales	17,800	units
Sale Price	27

Date	Number of Units	Unit Cost	Total Cost
Beginning	3,900	10.30	$40,170
March 12	5,100	10.20	52,020
June 5	3,800	10.10	38,380
October 22	8,900	9.90	88,110
Totals	21,700		$218,680

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