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Please help to do p6 5b

most closely appreciate the a rt that we have inventory? Why (2) Which cost flow method (FIFOLIO net o m is a more likely indicato nest e Why? (3) Which cost flow method (FIFOGLIFO tom tual physical flow of god W (4) How much more cash will be available under LIFO than d (5) Will gross profit under the ave he higher or lower than Than LIFO (Note: It is not necessary to quantify your answer FIFO? Why? 2 AP P SB You have the following inform 2012. Wirth uses the periodic method for inventory ormation for Wirth in for the month and June 30 Date Description Unit Cost or June 1 Quantity Selling Price Beginning inventory $60 June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale 95 June 28 Purchase 70 25 15 o 10 FIFO $3,345 $3370 $3,153 bude ructions Calculate (i) ending inventory. (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods. (1) LIFO. (2) FIFO (3) Average-cost. (Round cost per unit to three decimal places.) Compare results for the three cost flow assumptions. 6B You have the following information for Gas Saver Plus. Gas Saver Plus uses the dic method of accounting for its inventory transactions. 100 0 per litre compare specific identification, FIFO, an LIFO under periodic use cost flow assum

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