ANSWER ONLY C**

You have the following information for Wildhorse Inc. for the month ended October 31, 2022. Wildhorse uses a periodic method for inventory.

Date		Description		Units		Unit Cost or Selling Price
Oct. 1		Beginning inventory		55		$ 26
Oct. 9		Purchase		121		28
Oct. 11		Sale		107		36
Oct. 17		Purchase		109		29
Oct. 22		Sale		62		41
Oct. 25		Purchase		67		31
Oct. 29		Sale		112		41

(a1)

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Your answer is correct.

Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.)

Weighted-average cost per unit

$ enter a dollar amount of the Weighted-average cost per unit rounded to 3 decimal places

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Attempts: 2 of 5 used

(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 0 decimal places, e.g. 5,125.)

		LIFO		FIFO		AVERAGE-COST
The ending inventory		$ enter the ending inventory amount as per LIFO in dollars		$ enter the ending inventory amount as per FIFO in dollars		$ enter the ending inventory amount as per Average-cost in dollars
The cost of goods sold		$ enter the cost of goods sold amount as per LIFO in dollars		$ enter the cost of goods sold amount as per FIFO in dollars		$ enter the cost of goods sold amount as per Average-cost in dollars
Gross profit		$ enter the gross profit amount as per LIFO in dollars		$ enter the gross profit amount as per FIFO in dollars		$ enter the gross profit amount as per Average-cost in dollars