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Liberty Inc. is a retailer opening in Centralia. Liberty uses the PERIODIC inventory system. You are provided the following information for Liberty for the month of january 2014 regarding one of the product it sells.

Date Transaction Description Quantity Cost or Selling Price Per Unit

Jan. 1 Opening Inventory 140 units $14

Jan. 2 Purchase 120 units $15

Jan. 6 Sale 150 units $30

Jan.9 Purcahse 85 units $17

Jan. 10 Sale 70 units $35

Jan. 23 purchase 100 units $20

Jan. 30 Sale 110 units $42

Required: Determine these amounts

a. January 31 inventory, using the First-in, First-out [FIFO] method

b. January cost of goods sold, using the First-in, First-out [FIFO] method

c. January gross profit, using the First-in, First-out [FIFO] method

d. January 31 inventory, using the weighted average mehtod

e. January cost of goods sold, using the weighted average method

f. January gross profit, using the weighted average method