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6 You have the following information for Van Gogh Inc. for the month ended October 31, 2025. Van Gogh uses a periodic system for inventory.
6 You have the following information for Van Gogh Inc. for the month ended October 31, 2025. Van Gogh uses a periodic system for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory Oct. 9 Purchase 120 Oct. 11 Sale 100 Oct. 17 Purchase 100 Oct. 22 Sale Oct. 25 Purchase 3883 R 60 $24 26 35 27 60 401 70 29 Oct. 29 Sale 110 40 (b) Compare ending inventory, cost of goods sold, gross profit and gross profit rate results for the three cost flow assumptions. (LIFO, FIFO and Average- cost) OWord(s)
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