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(a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit
(a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to decimal places, e.g. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ $ GA $ $ The cost of goods sold $ $ $ $ $ $ $ Gross profit $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: unlimited Submit Answer You have the following information for Sunland Company for the month ended October 31, 2022. Sunland Company uses a periodic method for inventory. Unit Cost or Selling Price $23 25 32 Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units 55 113 106 107 62 75 103 26 37 28 37 (21) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 25.634 e Textbook and Media List of Accounts Attempts: unlimited
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