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Wildhorse Corporation began operations on January 1, 2016. The 2016 and 2017 schedules of inventory purchases and sales are as follows: 2016: Purchase 1 Purchase

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Wildhorse Corporation began operations on January 1, 2016. The 2016 and 2017 schedules of inventory purchases and sales are as follows: 2016: Purchase 1 Purchase 2 Total purchase costs 10 units at $10 per unit 20 units at $11 per unit $100 220 $320 $480 Sales 15 units at $32 per unit 2017: Purchase 1 Purchase 2 Total purchase costs Sales 10 units at $13 per unit 15 units at $16 per unit $130 240 $370 $680 20 units at $34 per unit (al) Complete the following schedule. (Round average cost per unit to 3 decimal places, e.g. 1.253 and final answers o decimal pla 2016 FIFO Weighted Average LIFO Cost of goods sold Gross profit (Sales - COGS) Ending inventory

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