uvalot eBook Show Me How Calculator Print Item Cost Flow Methods The following three identical units of Item PX2T are purchased during April: Item Beta Units Cost April 2 Purchase 1 $229 April 15 Purchase 1 231 April 20 Purchase 1 233 Total 3 $693 Average cost per unit $231 ($693 3 units) Assume that one unit is sold on April 27 for $296. Determine the gross profit for April and ending inventory on April 30 usin Flirt out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method. Gross Profit Ending Inventory a. First-in, first-out (FIFO) $ b. Last-in, first-out (LIFO) $ c. Weighted average cost S CengageNoWv2 Online teaching and learning res... Update Some ac available eBook E Show Me How Calculator Print Item Lower-of-Cost-or-Market Method On the basis of the following data, determine the value of the inventory at the lower-of-cost-or-market by applying lower-of- to each inventory item, as shown in Exhibit 10. Item Inventory Quantity Market Value per Unit (Net Realizable Value) Cost per Unit JFW1 154 $48 $43 SAW9 322 24 26