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Russell purchased a total of 75 units, which cost a total of $1,350. On May 31st a customer purchased 25 units. Russell's selling price was
Russell purchased a total of 75 units, which cost a total of $1,350. On May 31st a customer purchased 25 units. Russell's selling price was $26 per unit. Under the FIFO method, what is the unit cost of the items sold? Under the LIFO method, what is the unit cost of the items sold? Fill in the table below, calculate Russell Company's sales revenue, cost of goods sold, gross profit and ending inventory balance under each of the three inventory cost flow assumptions. Round your answer to the nearest dollar. However, do not round intermediate calculations
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