find out from the following data the cost of goods sold closing inventory and profit 608160

Find out from the following data, the Cost of Goods Sold, Closing Inventory and Profit under FIFO, LIFO methods of inventory valuation:


June 1

Inventory 200 units at Rs 3 each

June 28

Purchases 240 units at Rs 4 each

July 31

Purchases 220 units at Rs 5 each

Aug 17

Purchases 280 units at Rs 6 each

Sales for the period: 800 units at Rs 8 each

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