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Total 13- Holiday company's inventory records show the following data: Unit Unit cost C Inventory, January 1 1,000 $26 Purchases: June 18 26002 1,000 15

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Total 13- Holiday company's inventory records show the following data: Unit Unit cost C Inventory, January 1 1,000 $26 Purchases: June 18 26002 1,000 15 Purchases: Oct. 25 1,000 10 Sales, Dec. 8 1400 unit for $30 If Holiday uses periodic inventory method, and FIFO as a cost flow assumption, then: Ending inventory is:$ Gross profit is: $ Iso 102002 42000

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