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Consider the following inventory data for the first two months of the year for Healthy Snacks International:

	Date		Total Units		Unit Cost
Beginning inventory hand	1-Jan		65,000		$2.10
Purchases during month:	5-Jan		104,200		$2.20
	20-Jan		292,800		$2.25
Sales of Inventory:	25-Jan		383,500
Purchases during month:	8-Feb		285,400		$2.35
	23-Feb		158,700		$2.75
Sales of Inventory:	27-Feb		408,800

Assume all sales occur at a sales price of $6 per unit.

Calculate the total cost of goods sold and gross profit for January and February and the ending inventory as of February 28 under the FIFO, LIFO, and weighted average costing methods, assuming the use of a perpetual inventory management system.

1. FIFO:

1. Cost of Goods Sold: ___________________________
2. Ending Inventory: ___________________________
3. Gross Profit: ___________________________

2. LIFO:

1. Cost of Goods Sold: ___________________________
2. Ending Inventory: ___________________________
3. Gross Profit: ___________________________

3. Weighted-average (round unit costs to four decimal places):

1. Cost of Goods Sold: ___________________________
2. Ending Inventory: ___________________________

Gross Profit: ___________________________

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