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Using the given information, calculate the sales revenue and gross profit for the Specific Identification method, FIFO, LIFO, and Weighted Average method. Cost per Unit

Using the given information, calculate the sales revenue and gross profit for the Specific Identification method, FIFO, LIFO, and Weighted Average method.

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Cost per Unit Total Cost Date August 1 August 4 August 11 August 13 August 20 August 26 August 29 Units 8 5 10 8 10 Transactions Beginning inventory Sale ($170 each) Purchase Sale ($185 each) Purchase Sale ($195 each) Purchase $149 $1,192 1,390 1,290 1,190 5,062 139 129 119 10

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