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The Pharoah Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the

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The Pharoah Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made: Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.) Calculate gross profit using (1) FIFO and (2) weighted aver go. (Round answers to 0 decimal places, e.g. 5,275.) The Pharoah Store had a beginning inventory on January 1 of 320 full-size strollers at a cost of $180 per unit. During the year, the following purchases were made: Determine the cost of the ending inventory and the cost of goods sold using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.) Calculate gross profit using (1) FIFO and (2) weighted aver go. (Round answers to 0 decimal places, e.g. 5,275.)

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