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Find gross profit and fifo and lifo

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Reference no: EM132548504

SHOE INVENTORY FINAL

FIFO & LIFO & WA

Beginning Inventory                2,000 Pairs @ $20 each
Purchase                              2,000 pairs @ $25 each
Cash Sale                             1,000 pairs @ $100 each
Sale on Account                    2,000 pairs @ $100 each
Purchase                              4,000 @ $30 each
Sale on Account                    3,000 pairs @ $100 each
Purchase                              4,000 pairs @ $40 each
Cash Sale                             4,000 pairs @ $100 each

Question 1: Find gross profit, fifo and lifo

Reference no: EM132548504

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