Sales Sale Price 16,400 units 27 Date Beginning March 12 June 5 October 22 Totals Number of Units 3,500 4,700 3,400 8,300 19,900 Unit Cost 10.30 19.20 10.10 9.90 Total Cost $ 36,050 47,940 34,340 82,170 $200,500 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