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Sala Corporation, a newly formed corporation, has the following transactions during October, its first month...

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Accounting

Sala Corporation, a newly formed corporation, has the following transactions during October, its first month of operations.
October1
Purchased 2500 units @ $22.00 each.
4
Sold 1300 units @ $36.00 each.
6
Sold 1000 units @ $36.50 each.
11
Purchased 700 units @ $22.50 each.
13
Sold 650 units @ $37.00 each.
20
Purchased 250 units @ $23.25 each.
22
Sold 275 units @ $36.00 each.
27
Sold 150 units @ $37.00 each.
28
Purchased 500 units @ $23.75 each.
30
Sold 100 units @ $37.25 each.
Determine the total sales, cost of merchandise sold, gross profit, and ending inventory using each of the following inventory methods:
1. FIFO perpetual
2. FIFO periodic
3. LIFO perpetual
4. LIFO periodic
5. Weighted average cost periodic

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