Steel Mill began August with $65$ units of iron inventory that cost $$30$ each. During August, the company completed the following inventory transactions: $($Click the icon to view the transactions$)$

Read the requirements.

Requirement $4.$ Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted$-$average inventory costing methods.

The cost of goods sold amount for August using FIFO inventory costing is The cost of goods sold amount for August using LIFO inventory costing is The cost of goods sold amount for August using weighted$-$average inventory costing is

$\backslash$table$[[$$$,5,200],[$$$,5,500],[$$$,5,260]]$

Requirement $5.$ Compute gross profit for August using FIFO, LIFO, and weighted$-$average inventory costing methods.

$\backslash$table$[[,$Sales Revenue $-$ Cost of Goods Sold $=,$Gross profit,$],[$FIFO$,-$$$,5,200,=$