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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 average-cost method

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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 average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to decimal places, eg. 1,250. Use welghted average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Gross profit $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer You are provided with the following information for Tamarisk Inc. for the month ended June 30, 2019. Tamarisk uses the periodic system for inventory. Unit Cost or Date Description Quantity Selling Price June 1 Beginning inventory 42 $38 June 4 Purchase 140 42 June 10 Sale 105 71 June 11 Sale return 15 71 June 18 Purchase 53 44 June 18 Purchase return 12 44 June 25 Sale 64 76 June 28 Purchase 28 48 (a1) Your answer is correct. MacBOOK AT Question 14 of 14 0.25/1 iii Quantity 42 Unit Cost or Selling Price $38 42 Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 140 105 15 53 71 71 44 44 12 64 76 28 48 (a1) Your answer is correct. Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e8.5.25.) Weighted average cost per unit 42.33 e Textbook and Media Mantead (a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO (2) FIFO. (3) Average- cost. (Round average-cost method answers to 2 decimal places, eg: 1,250.25 and other answers to O decimal places, eg. 1.250. Use weighted average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold $ Gross profit $ $ $ $ $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (a3) The parts of this question must be completed in order. This part will be available when you complete the part above. MacBook Air

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