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\begin{tabular}{rlcrr} Date & Transaction & of Units & Per Unit & Total \\ \hline Apr. 3 & Inventory & 25 & $1,200 & $30,000 \\ 8 & Purchase & 75 & 1,240 & 93,000 \\ 11 & Sale & 40 & 2,000 & 80,000 \\ 30 & Sale & 30 & 2,000 & 60,000 \\ May 8 & Purchase & 60 & 1,260 & 75,600 \\ 10 & Sale & 50 & 2,000 & 100,000 \\ 19 & Sale & 20 & 2,000 & 40,000 \\ 28 & Purchase & 80 & 1,260 & 100,800 \\ June 5 & Sale & 40 & 2,250 & 90,000 \\ 16 & Sale & 25 & 2,250 & 56,250 \\ 21 & Purchase & 35 & 1,264 & 44,240 \\ 28 & Sale & 44 & 2,250 & 99,000 \end{tabular} Required: 1. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic inventory system. Inventory,June30Costofgoodssold$32,864$310,776 2. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system. Inventory, June 30 Cost of goods sold 3. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Note: Round the weighted average unit cost to the nearest dollar and final answers to the nearest dollar. Inventory,June30Costofgoodssold$32,500$311,140 4. Compare the gross profit and June 30 inventories using the following column headings. For those boxes in which you must enter subtracted or negative numbers use a minus sign. \begin{tabular}{|l|c|c|c|} \hline & FIFO & LIFO & Weighted Average \\ \hline Sales & $525,250 & $525,250 & $525,250 \\ \hline Cost of goods sold & 310,776 & 312,400 & 311,140 \\ \hline \end{tabular}

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