Bridgeport Corp.uses a periodic inventory system. Its records show the following for the month of May, in which77units were sold.

Date Explanation Units Unit Cost Total Cost

May 1 Inventory 33 $9 $297

15 Purchase 25 10 250

24 Purchase 42 11 462

Total 100 $1,009

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

Weighted-average unit cost $

(b)Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods.(Round answers to 0 decimal places, e.g. 125.)

FIFO LIFO AVERAGE-COST

The ending inventory at May 31 $ $ $

The following information is available forPronghorn Corpfor three recent fiscal years.

2022 2021 2020

Inventory $560,000 $588,000 $348,000

Net sales 1,960,000 1,800,000 1,355,000

Cost of goods sold 1,607,200 1,357,200 948,000

Calculate the inventory turnover, days in inventory, and gross profit rate for 2022 and 2021.(Round inventory turnover to 1 decimal place, e.g. 5.2, days in inventory to 0 decimal places, e.g. 125 and gross profit rate to 1 decimal place, e.g. 5.2%.)

2022 2021

Inventory Turnover Times Times

Days in Inventory Days Days

Gross Profit Rate % %