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The records of Weight Unlimited showed the following for June: Sales 2,100 units at $100 each Purchases 2,000 units at $75 each Beginning inventory 3,000

The records of Weight Unlimited showed the following for June:

Sales

2,100 units at $100 each

Purchases

2,000 units at $75 each

Beginning inventory

3,000 units at $56 each

Assuming the periodic inventory system is used complete the following tabulation.

FIFO

Weighted Average

(1) Sales

$

$

(2) Cost of goods sold

$

$

(3) Gross margin

$

$

(4) Ending inventory

$

$

Computations: FIFO: Weighted Average:

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