Sala Corporation, a newly formed corporation, has the following transactions during October, its first month of operations.
October
Purchased units @ $ each.
Sold units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Sold units @ $ each.
Purchased units @ $ each.
Sold units @ $ each.
Determine the total sales, cost of merchandise sold, gross profit, and ending inventory using each of the following inventory methods:
FIFO perpetual
FIFO periodic
LIFO perpetual
LIFO periodic
Weighted average cost periodic
