Show Me How Cost Flow Methods The following three identical units of Item K113 are purchased during April April 21 April 15 April 201 Total Item Beta Units Cost Purchase 1 $153 Purchase I 155 Purchase 1 157 3 $465 $155 Average cost per unit ($465 +3 units) Assume that one unit is sold on April 27 for $219. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) b. Last in, first-out (UFO) c. Weighted average cost Check My Work Previous Next