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The items were sold at $9.99 each. What was the net sales? Fill out the table below (Use your calculations for FIFO and LIFO -

  1. The items were sold at $9.99 each. What was the net sales?
  2. Fill out the table below (Use your calculations for FIFO and LIFO - 1 and Weighted Average and Specific Identification - 1

*Remember 33 items were sold! *Cost of ALL merchandise bought is $244.08

Specific Identification

First In, First Out

Last In, First-Out

Weighted Average

Sales

Less: Cost of Merchandise Sold

Gross Profit on Sales

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