Part C
NapCo had the following information:
tableBeg Inventory,Units,,PriceUnitPurchasePurchase$Sold$$
Calculate FIFO, LIFO, and Weighted Average for each. Show your work.
tableCalculate the value of Ending Inventory,Calculate the schedule for Cost of Goods Sold,Calculate the schedule for Gross profit,Calculate the Gross Profit Percentage,What inventory method would you suggest and why?,
Identify a few ways in which NapCo can improve its Gross Profit Percentage?
