A)

LIFO Method

Date Purchases issues

Units per unit total cost Units per unit total cost
Jan-01
Jan-07 8000 12 96000
Mar-30 8800 12.4 109120
May-10 12000 12 144000
Jul-05 16000 12.6 201600
Sep-02 6400 12.8 81920
Dec-14 7200 12.68 91296
58400 723936
COGS 47200 578240

BEGINNING 4000 47680

PURCHASES 58400 723936
LESS END INVENTORY 15200 193376
COGS 47200 578240
 B)
Statement with FIF

Inventory
Units per unit total cost
4000 11.92 47680 GROSS Margin
8000 12 96000
8800 12.4 109120
12000 12 144000
16000 12.6 201600
6400 12.8 81920
7200 12.68 91296
15200 193376
END INVENTORY
 Statement with FIFO Method

Sales 755200
COGS 588256
GROSS Margin 166944

END INVENTORY 4000 11.92 47680

8000 12 96000
3200 12.4 39680
15200 183360

BEGINNING 4000 47680

PURCHASES 58400 723936
LESS END INVENTORY 15200 183360
COGS 47200 588256