Using the periodic method, compute Ending Inventory, Cost of Goods Sold and Gross Profit using

The FIFO method

The LIFO method

April	1st On hand, 1,000 units at $3.00 each
	3rd Sold 850 units
	5th Purchased 2,000 units at $3.15 each
	7th Sold 1,050 units
	18th Purchased 2,000 units at $3.25 each
	22nd Sold 1,200 units Assume each unit was sold for $8.25.

Please show all work and label the financial statements and account names.