i beg for someone to help me:
july 1 beg inv: 200 units $5 unit cost $1000 tot
cost
july 12 purchase: 500 units $7 unit cost $3,500 tot cost
july 23 purchase: 700 units $8 unit cost $5,600 tot cost
july 31 end inv: 150 units
a) compute the ending inventory (a) FIFO, (b) LIFO, and (c)
average cost.
b) how many units were sold?
c) what is gross profit for (a) FIFO, (b) LIFO, and (c) average
cost.