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Accounting homework please help fill in the blanks! Problem 6-5A You have the following information for Vincent Inc. for the month ended October 31, 2014.
Accounting homework please help fill in the blanks!
Problem 6-5A You have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent uses a periodic method for inventory. ? . . ? . Unit Cost or Selling Date Description Units . Price Oct. Beginning 69 $28 1 inventory Oct. Purchase 139 30 Oct. Sale 116 41 t. Purchase 116 31 t. Sale 69 46 Oct. Purchase 81 34 Oct. Sale 127 46 Your answer is correct. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit 30.746 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO VIDEO D Your answer is incorrect. Try again. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST ? The ending inventory Q O The cost of goods sold Gross profit Your answer is incorrect. Try again. Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%) LIFO FIFO AVERAGE-COST Problem 6-5A You have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent uses a periodic method for inventory. ? . . ? . Unit Cost or Selling Date Description Units . Price Oct. Beginning 69 $28 1 inventory Oct. Purchase 139 30 Oct. Sale 116 41 t. Purchase 116 31 t. Sale 69 46 Oct. Purchase 81 34 Oct. Sale 127 46 Your answer is correct. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit 30.746 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO VIDEO D Your answer is incorrect. Try again. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST ? The ending inventory Q O The cost of goods sold Gross profit Your answer is incorrect. Try again. Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%) LIFO FIFO AVERAGE-COSTStep by Step Solution
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