The following pertain to the cost of Hs only inventory item:

Inventory on hand, January 1 0 units

Purchases, January 2 70 units @ $15 per unit

Purchases, January 8 55 units @ $16 per unit

Purchases, January 12 95 units @ $17 per unit

Purchases, January 16 32 units @ $17 per unit

Purchases, January 20 48 units @ $18 per unit

Purchases, January 23 50 units @ $19 per unit

Purchases, January 26 15 units @ $20 per unit

365

Sales, January 5 35 units @ $30 per unit

Sales, January 11 40 units @ $30 per unit

Sales, January 13 42 units @ $30 per unit

Sales, January 17 50 units @ $30 per unit

Sales, January 22 50 units @ $30 per unit

Sales, January 25 10 units @ $30 per unit

Sales, January 27 25 units @ $30 per unit

252 (252 x $30 = $7,560)

Calculate COGS AND GP for January AND EI as of 01-31 under the following assumptions:

H uses perpetual LIFO

EI:

COGS:

Gross profit:

H uses periodic LIFO

EI:

COGS:

Gross profit:

H uses periodic FIFO

EI:

COGS:

Gross profit:

H uses a weighted average method and rounds the unit cost to the nearest penny.

EI:

COGS:

Gross profit:

H uses a moving-average method and rounds the unit cost to the nearest penny.

EI:

COGS:

Gross profit: