4 15 16 17 18 19 20 21 22 23 24 CA (LO 2), AP You...

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4 15 16 17 18 19 20 21 22 23 24 CA (LO 2), AP You have the following information for Van Gogh Inc. for the month ended Octobej 31, 2022. Van Gogh uses a periodic inventory system for inventory. Unit Cost or Date Oct. 1 Description Beginning inventory Units Selling Price 60 $24 Oct. 9 Purchase 120 26 Oct. 11 Sale 100 35 Oct. 17 Purchase 100 27 Oct. 22 Sale 60 40 Oct. 25 Purchase 70 29 Oct. 29 Sale 110 40 Instructions a. Calculate (1) ending inventory, (ii) post of goods sold, (il) gross profit, and (iv) gross profit rate under each of the following methods. 1. LIPO. 2. FIFO. 3. Average-cost. (Round weighted-average unit cost to three decimal places.) b. Common results for the three cost flow assumptions. BeF Narratu 4 15 16 17 18 19 20 21 22 23 24 CA (LO 2), AP You have the following information for Van Gogh Inc. for the month ended Octobej 31, 2022. Van Gogh uses a periodic inventory system for inventory. Unit Cost or Date Oct. 1 Description Beginning inventory Units Selling Price 60 $24 Oct. 9 Purchase 120 26 Oct. 11 Sale 100 35 Oct. 17 Purchase 100 27 Oct. 22 Sale 60 40 Oct. 25 Purchase 70 29 Oct. 29 Sale 110 40 Instructions a. Calculate (1) ending inventory, (ii) post of goods sold, (il) gross profit, and (iv) gross profit rate under each of the following methods. 1. LIPO. 2. FIFO. 3. Average-cost. (Round weighted-average unit cost to three decimal places.) b. Common results for the three cost flow assumptions. BeF Narratu