i need help with this assignment Fulbright Corp. uses the periodic inventory system.

In 2012 , Jed James began planting a vineyard
February 12, 2020
I need help with this question ASAP. ThanksA preliminary 2016 income
February 12, 2020

i need help with this assignment Fulbright Corp. uses the periodic inventory system. It’s beginning

inventory had 10 units @ $100, and they made the following purchases, during the year. (listed in chronological order of acquisition):

·40 units at $120

·70 units at $125

  80 units at $130

The sales in units was 120 at $ 180.00 per unit.

Determine the Cost of Goods Sold, Ending Inventory, and Gross Profit for the following 3 methods

FIFO

LIFO

Weighted Average (rounded)

 
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