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

Sales	12,200	units
Sale Price	27

Date	Number of Units	Unit Cost	Total Cost
Beginning	2,300	10.30	$23,690
March 12	3,500	10.20	35,700
June 5	2,200	10.10	22,220
October 22	6,500	9.90	64,350
Totals	14,500		$145,960

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