Seminole Company began year 2013 with 23,000 units of product in its January 1 inventory, at a cost of $15 for each unit. It made successive purchases of its product in year 2013, as follows. The company uses a periodic inventory system. On December 31, 2013, a physical count reveals that 40,000 units of its product remain in inventory.

Mar. 7	30,000 units	@ $18 each
May 25	39,000 units	@ $20 each
Aug. 1	23,000 units	@ $25 each
Nov. 10	35,000 units	@ $26 each

PART 3	Seminole Company
Column->	A	B	C	D	# EI Units	# Sold Units	$SoldUnits
Date	Activities	# Units Buy	Cost/unit	Cost GAS	40,000	110,000	$35
1-Jan	BI
7-Mar	TI
25-Mar	TI
1-Aug	TI
10-Nov	TI
TOTAL
Q1A. Units in Available for Sales is BI + TI (Column B)=					Units (BI + TI) =
Q1B. Costs of Units Available for Sales (Column D)=					Dollars (BI + TI)=
Q2. FIFO					EI		COGS
Q2. LIFO					EI		COGS
Q2. Weighted Average					EI		COGS
Weighted cost/unit=		Column F/Column B		equals		per unit
Cost EI=
Q.3	Sales		COGS/Method		Gross Profit
Q3. FIFO
Q3. LIFO
Q3. WtAvg