Determine the cost of goods available for sale.

Calculate weighted-average cost per unit. (Round answer to 3 decimal places

Determine (1) the ending inventory and (2) the cost of goods sold under each of the assumed cost flow methods (FIFO, LIFO, and average-cost). Prove the accuracy of the cost of goods sold under the FIFO and LIFO methods.

Which cost flow method results in (1) the highest inventory amount for the balance sheet and (2) the highest cost of goods sold for the income statement?

You have the following information for Splish Brothers Inc. for the month ended October 31, 2022. Splish Brothers uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 60 $24 Oct. 9 Purchase 125 26 Oct. 11 Sale 107 37 Oct. 17 Purchase 94 27 Oct. 22 Sale 64 42 Oct. 25 Purchase 71 29 Oct. 29 Sale 104 42 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $ e Textbook and Media