question 2

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using information presented below, compute the ending inventory and the ending inventory and the cost of goods sold for July. Make the computations for the FIFO, LIFO and weighted average method, assume the periodic method is used.
Beginning balance inventory 7/1/11 4000 units at $5 each
Purchased 7/5/11 5000 units at $5.50 each
Sold 7/9/11 4000 units at $9 each
Purchased 7/15/11 5000 units at $6 each
Sold 7/25/11 6000 units at $9 each
FIFO LIFO Weighted Average

Prepare a properly formatted income statement with EPS
Gross profits 28% of sales
Selling/General Expenses 15% of sales
Cost of Goods $72,000
Income before taxes $13,000
Income tax rate 40%
Common stock 12,000 shares