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[The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory

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[The following information applies to the questions displayed below.] During the year, Trombley Incorporated has the following inventory transactions. Date Transaction Jan. 1 Beginning inventory Mar. 4 Purchase Jun. 9 Purchase Nov.11 Purchase Number of Jnits 20 25 30 30 105 Unit Cost $ 22 21 20 18 Total Cost $ 440 525 600 540 $2,105 For the entire year, the company sells 81 units of inventory for $30 each. 1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Cost per # of units Cost per unit Cost of Goods Availabla for Salt $ 0 Cost of Goods Sold # of units Cost Ending per unit Inventory unit $ 0 $ 0 Beginning Inventory Purchases: Mar 04 $ 0 OO Jun 09 $ 0 ololo Nov 11 0: $ 0 Total 0 $ 0 Sales revenue Gross profit 2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. LIFO Cost of Goods Sold Ending Inventory Cost of Goods Available for Sale Cost of Goods # of units unit Available for Sale Cost per Cost per # of units Cost of Goods Sold # of units Cost Ending per unit Inventory unit Beginning Inventory Purchases: Mar 04 Jun 09 Nov 11 Total 3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Average Cost per unit" to 2 decimal places and all other answers to the nearest whole number.) Cost of Goods Available for Sale Cost of Goods Sold - Weighted Ending Inventory . Weighted Average Average Cost Cost Weighted Average Cost Average Cost of Goods Average # of units Cost of Average # of units Cost per Available for of units Ending Cost per Sold in Ending Goods Sold Unit Inventory unit Inventory Cost per unit Sale 20 $ 440 25 525 Beginning Inventory Purchases: Mar 4 Jun. 9 Nov 11 Total 30 30 600 540 2,105 $ 105 Sales revenue Gross profit

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