XYZ Company made purchases of a particular product in the month ended Sene 30, 2000 as follows :

Sene 1,Beginning inventory200 units @$ 10

Sene 14,Purchased350 units @$ 15

Sene 20,Purchased500 Units @$ 20

Sene 26,Purchased700 Units @ $ 25

XYZ Company made sales on the following dates at $ 40 per Unit:

Sene 10,190 Units

Sene 15,240 Units

Sene 22,400 Units

Total Sales830 Units

Required

XYZ uses aperpetual system. Determine the cost assigned to the cost of goods sold, end inventory, and the gross profit amount under each of the following:

A.The FIFO Method

B.The LIFO methodand

C.The moving average method