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FIFO Endimg Inventory : 200 x $200 $ 40000 Cost Goods Nolde 58500 + 1,188,000 +(3500 x 200) » $ 1946,500 | Gross Pusfit Sales - COGS g (4800 x $300) – 1946500 9$ 993500 LIFO :- Endins Anventory 2 200 × $195 $39000 cost o Goods Soldl. 740000+ 1188,000+ (100x 3195) - $1947500 Gruoss Profit ? 2940,000 – 1947500 992500 weighted Average __Average cosk, Toral cost 1986500 198.65 Per umir Toral mo. 0 1000007897 umia Erding Imrem horyo 200 x 198.65 , $39730 cost a Goods Sold - 9800 x 198.652 $1946770 Gruoss Profit 2 2,940000 – 1946,770 28993230 Note: Since Gross Profit is highest in FIFO method. so FIFO method would show a Cauger Net Income number

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