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You have the following information for Bonita Inc. for the month ended June 30, 2022....

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Accounting

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You have the following information for Bonita Inc. for the month ended June 30, 2022. Bonita uses a periodic inventory system. Date Quantity Unit Cost or Selling Price June WA Description Beginning inventory Purchase 1 40 $38 June 4 135 41 June 10 Sale 110 68 June 11 Sale return 15 68 June 18 Purchase 55 44 June 18 Purchase return 10 44 June 25 Sale 65 74 June 28 Purchase 35 48 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO (2) FIFO. (3) Average cost. (Round average-cost method answers to 2 decimal places, eg. 1,250.25 and other answers to decimal places, eg. 1,250.) LIFO FIFO AVERAGE-COST The ending inventory $ The cost of goods sold Gross profit $ $

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