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Washington Company reports the following for the month of June. Units Unit Cost June 1 Inventory 250 $15 12 Purchase 150 16 15 Purchase Return

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Washington Company reports the following for the month of June. Units Unit Cost June 1 Inventory 250 $15 12 Purchase 150 16 15 Purchase Return 15 16 23 Purchase 250 18 Washington sold 420 units at $32 per unit on June 27th. A. Compute the cost of goods sold for June and ending inventory at June 30 under FIFO, LIFO and Average-cost method. (56 points) Cost of Goods Sold Ending Inventory FIFO LIFO Average Cost B. Complete an Income Statement through Gross Profit for each inventory type (45 points) C. What is the gross profit Percentage for each (15 points)? FIFO LIFO Average Cost

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