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The Carla Vista Store had a beginning inventory on January 1 of 300 full-size strollers at a cost of $190 per unit. During the year,

The Carla Vista Store had a beginning inventory on January 1 of 300 full-size strollers at a cost of $190 per unit. During the year, the following purchases were made: Units Unit Cost Mar. 15 79 $191 July 20 61 190 Sept. 4 25 188 Dec. 2 12 183 At the end of the year, there were 37 units on hand. The Carla Vista Store uses a periodic inventory system. During the year, The Carla Vista Store sold the strollers for $290 per unit.

Calculate gross profit using (1) FIFO and (2) weighted average. (Round answers to 0 decimal places, e.g. 5,275.)

FIFO

Weighted Average

Gross profit

$enter a dollar amount rounded to 0 decimal places $enter a dollar amount rounded to 0 decimal places

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