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u Caston Ge method for h et res remunga barbecue Como December 2013 . The concany uses a pendo novecondo The replacement cost of the 2002 was 600 C onso00 2 019 The com p res o Required 102Come the powers cost of goods sold and the gross proftratio for 2019 under tw that can purchased 2,000 units and second, that Castro purchased 17000 ung the 4. Come the cost of thes for 2018 and T ecnumente commoda te method ... AT&T 52% 9:01 PM 1.3 PNG - 18 KB Compute the gross profit (sales minus cost of 9000 sold) and the gross profitat for 2019 under two different emption First, that cast to purchased 32.000 units and second, that castron purchased 17,000 units during the year round "Gross profit ratio answer to 1 decimal place , 0.123 needs to be entered a 12.34.)) Purchased Units Gross Pro Gess Profit Ratio Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the UFO cost method for its grill inventory. Cast Iron's December 31, 2018, fiscal year-end inventory consisted of the following listed in chronological order of acquisition): Units 5,800 Unit Cost $ 300 400 500 6,000 The replacement cost of the grills throughout 2019 was $600. Cast Iron sold 31,000 grills during 2019. The company's selling price is set at 200% of the current replacement cost. Required: 1. & 2. Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 under two different assumptions First, that Cast Iron purchased 32.000 units and, second, that Cast Iron purchased 17,000 units during the year. 4. Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 assuming that Cast Iron purchased 32.000 units (as per the first assumption) and 17,000 units (as per the second assumption) during the year and uses the FIFO inventory cost method rather than the LIFO method. 243-29 Req 1 and 2 Req 4 pped Compute the gross profit (sales minus cost of goods sold) and the gross profit First, that Cast Iron purchased 32,000 units and, second, that Cast Iron purch "Gross profit ratio" answer to 1 decimal place (i.e., 0.123 needs to be entered ook Gross Profit Gross Profit Ratio rences Purchased Units 32,000 17,000 ter 8 Problems Help Save & Exit Subm Check my work Cast Iron Grills, Inc., manufactures premium gas barbecue grills. The company uses a periodic inventory system and the LIFO cost method for its grill inventory. Cast Iron's December 31, 2018, fiscal year-end inventory consisted of the following listed in chronological order of acquisition): Unit Cast $300 400 5,500 4,48 6,800 02:3411 pped The replacement cost of the grills throughout 2019 was $600. Cast Iron sold 31.000 grills during 2019. The company's selling price is set at 200% of the current replacement cost. Required: 1. & 2. Compute the gross profit (sales minus cost of goods sold, and the gross profit ratio for 2019 under two different assumptions. First, that Cast Iron purchased 32,000 units and, second, that Cast Iron purchased 17.000 units during the year. 4. Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 assuming that Cast Iron purchased 32,000 units (as per the first assumption) and 17.000 units (as per the second assumption) during the year and uses the FIFO inventory cast method rather than the LIFO method Complete this question by entering your answers in the tabs below. er 8 Problems Help Save & 4. Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 assuming that Cast Iron purchased 32,000 units (as per the first assumption) and 17,000 units (as per the second assumption) during the year and uses the FIFO inventory cost method rather than the LIFO method. Complete this question by entering your answers in the tabs below. 33.54 Req 1 and 2 Req4 Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 under two different assumptions First, that Cast Iron purchased 32,000 units and, second, that Cast Iron purchased 17,000 units during the year. (Round "Gross profit ratio" answer to 1 decimal place (1.e., 0.123 needs to be entered as 12.3%.)) Gross Profit Gross Profit Ratio Purchased Units 32,000 17,000 aces Req 4 > S Prey 6 of 7 Next > Help Seve&E Che 4. Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 assuming that Cast Iron purchased 32,000 units (as per the first assumption) and 17,000 units (as per the second assumption during the year and uses the FIFO inventory cost method rather than the LIFO method. 14 28 Complete this question by entering your answers in the tabs below. points Req 1 and 2 Reg 4 Skopped Compute the gross profit (sales minus cost of goods sold) and the gross profit ratio for 2019 assuming that Cast Iron purchased 32,000 units (as per the first assumption) and 17,000 units (as per the second assumption) during the year and uses the FIFO inventory cost method rather than the LIFO method. (Round "Gross profit ratio answer to 1 decimal place (i.e., 0.123 needs to be entered as 12.3%.)) Show less eBook References Purchased Units Gross Profit Gross Profit Ratio 32.000 17.000
