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Date Description Units Unit Cost or Selling Price Oct. 1 54 $26 Beginning inventory Purchase Oct. 9 124 28 Oct. 11 Sale 109 37 Oct.
Date Description Units Unit Cost or Selling Price Oct. 1 54 $26 Beginning inventory Purchase Oct. 9 124 28 Oct. 11 Sale 109 37 Oct. 17 Purchase 104 29 Oct. 22 Sale 62 42 Oct. 25 Purchase 66 31 Oct. 29 Sale 107 42 Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) I Weighted average cost per unit $ 28557 eTextbook and Media List of Accounts Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 1852 $ 2162 $ 1999 The cost of goods sold $ 8086 $ 7776 $ 7939 Gross profit $ $ $ eTextbook 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, eg. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate % % % eTextbook and Media List of Accounts
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