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ABC Company uses a perpetual inventory system and made purchases of a product in the current year as follows: Jan 1 Beg. Inv. Feb 10 Purchase Mar 13 Purchase Aug 21 Purchase Total units 100 125 50 125 units @ $10 = units @ $15 units @ $20 = units @ $25 = $1,000 1,875 1,000 3,125 ABC Company sold 250 units at $50 per unit. The units sold consisted of 100 units from the beginning inventory, 50 units from the August 21 purchase, and 100 units from February 10 purchase. Calculate the following: Total Sales Revenue Total Cost of Goods Available for Sale Total # of Units Available for Sale Total # of Units in the ending Inventory Using each of the methods available for valuing merchandise inventory calculate: . Cost of Goods Sold . Ending Inventory Gross Profit Record the answers in the area provided - ALL work supporting your inventory valuation answers (FIFO, LIFO, Weighted Average, and Specfic inventory) must be shown in the space provided to receive credit. Organize and label your work (neatly). Round the answer to the nearest whole dollar. Total Cost of Goods Available for Sale: $ Show work pere Total # Units available for sale #Units in Ending Inventory = Total Sales Revenue = Specific Identification Cost of Goods Sold Ending Inventory Gross Profit FIFO Cost of Goods Sold Ending Inventory = Gross Profit LIFO Cost of Goods Sold Ending Inventory Gross Profit Weighted Average Cost of Goods Sold Ending Inventory Gross Profit

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