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The Oriole Store had a beginning inventory on January 1 of 280 full-size strollers at a cost of $200 per unit. During the year,
The Oriole Store had a beginning inventory on January 1 of 280 full-size strollers at a cost of $200 per unit. During the year, the following purchases were made: Units Unit Cost Mar, 15 79 $201 July 20 58 200 Sept. 4 Dec. 2 22 25 198 12 193 Goo Chr Mic At the end of the year, there were 37 units on hand. The Oriole Store uses a periodic inventory system. Calculate gross profit using (1) FIFO and (2) weighted average. (Round answers to O decimal places, e.g. 5,275.) Gross profit FIFO Weighted Average $
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