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Current Attempt in Progress You have the following information for Skysong, Inc. for the month ended October 31, 2022. Skysong uses a periodic method for
Current Attempt in Progress You have the following information for Skysong, Inc. for the month ended October 31, 2022. Skysong uses a periodic method for inventory Unit Cost or Selling Price Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct 22 Oct. 25 Oct 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units 60 130 90 90 $26 28 40 29 45 31 45 60 70 100 Calculate the weighted average cost. (Round answer to 3 decimal places, c.8. 5.125.) Weighted average cost per unit Calculate ending inventory.cost of goods sold, gross profit under each of the following methods. (UFO FIFO (3) Average-cost. (Round answers to decimal place, e s. 125.) LIFO FIFO AVERAGE-COST $ 2851 $ 3040 2680 $ The ending inventory The cost of goods $ 7129 7300 6940 $ $ $ 3671 3860 $ 3500 $ Gross profit e Textbook and Media List of Accounts Calculate gross profit rate under each of the following methods. (1) LIFO (2) FIFO (3) Average-cost. (Round answers to 1 decimal place, e s. 51.2%) LIFO FIFO AVERAGE-COST % Gross profit rate
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