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Can someone answer this and give an explanation on how they got the answer, thank you You have the following information for Splish Brothers Inc.
Can someone answer this and give an explanation on how they got the answer, thank you
You have the following information for Splish Brothers Inc. for the month ended October 31, 2022. Splish Brothers Inc. uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 62 $23 Oct. 9 Purchase 118 25 Oct. 11 Sale 109 33 Oct. 17 Purchase 103 26 Oct. 22 Sale 61 38 Oct. 25 Purchase 65 28 Oct. 29 Sale 100 38 (a 1) Your Answer Correct Answer (Used) Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 25.500 (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, eg. 15.647 and final answers to 0 decimal places, eg. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Gross profit $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 5 used SubmitStep by Step Solution
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