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During the year, Trombley Incorporated has the following inventory transactions.

Date	Transaction	Number of Units	Unit Cost	Total Cost
Jan. 1	Beginning inventory	16	$ 18	$ 288
Mar. 4	Purchase	21	17	357
Jun. 9	Purchase	26	16	416
Nov. 11	Purchase	26	14	364
		89		$ 1,425

For the entire year, the company sells 69 units of inventory for $26 each.

1. Using FIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

FIFO Cost of Goods Available for Sale Cost of Goods Sold Ending Inventory # of units Average Cost per unit Cost of Goods Available for Sale # of units Average Cost per unit Cost of Goods Sold # of units Average Cost per unit Ending Inventory Beginning Inventory $0 $0 $0 Purchases: Mar 04 0 $0 0 Jun 09 0 $0 0 Nov 11 0 $0 0 Total 0 $0

	Sales revenue Gross profit

2. Using LIFO, calculate ending inventory, cost of goods sold, sales revenue, and gross profit.

LIFO	Cost of Goods Available for Sale			Cost of Goods Sold			Ending Inventory
	# of units	Average Cost per unit	Cost of Goods Available for Sale	# of units	Average Cost per unit	Cost of Goods Sold	# of units	Average Cost per unit	Ending Inventory
Beginning Inventory
Purchases:
Mar 04
Jun 09
Nov 11
Total

	Sales revenue Gross profit

3. Using weighted-average cost, calculate ending inventory, cost of goods sold, sales revenue, and gross profit. (Round "Weighted-Average Cost per unit" to 2 decimal places.)

Weighted Average Cost	Cost of Goods Available for Sale			Cost of Goods Sold - Weighted Average Cost			Ending Inventory - Weighted Average Cost
	# of units	Average Cost per unit	Cost of Goods Available for Sale	# of units Sold	Average Cost per Unit	Cost of Goods Sold	# of units in Ending Inventory	Average Cost per unit	Ending Inventory
Beginning Inventory	16		$288
Purchases:
Mar.4	21		357
Jun.9	26		416
Nov.11	26		364
Total

	Sales revenue Gross profit

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