This question has multiple parts.

	Number of Units	Price per Unit	Totals
Beginning Inventory	10	$3	$30
Purchases	12	$7	$84
Purchases	12	$10	$120
Goods Avail. for Sale	34		$234
Sale	15	$30	$450
Ending Inventory	19

Part 1

Using the First-in, First-out Method, how much is COGS _____ , Ending Inventory _____ , and Gross Profit _____ ?

Part 2

Using the Last-in, First-out Method, how much is COGS _____ , Ending Inventory _____ , and Gross Profit _____ ?