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

Inventory on hand, January 1 200 units @ $37 per unit

Purchases, January 8 900 units @ $88 per unit

Purchases, January 12 750 units @ $90 per unit

Purchases, January 20 300 units @ $91 per unit

Purchases, January 26 600 units @ $95 per unit

2,750

Sales, January 5 50 units @ $200 per unit

Sales, January 11 800 units @ $200 per unit

Sales, January 13 600 units @ $200 per unit

Sales, January 17 100 units @ $200 per unit

Sales, January 22 250 units @ $200 per unit

Sales, January 30 625 units @ $200 per unit

2,425 (2,425 x $200 = $485,000)

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: