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I have almost completed this problem just having some issues with the last step ill include photos Question 5 of 12 0.67 / 1 ili
I have almost completed this problem just having some issues with the last step ill include photos
Question 5 of 12 0.67 / 1 ili View Policies Show Attempt History Current Attempt in Progress You have the following information for Pharoah Company for the month ended October 31, 2022. Pharoah Company uses a periodic method for inventory. Date Units 59 132 Unit Cost or Selling Price $22 Description Beginning inventory Purchase Sale Oct. 1 Oct. 9 Oct. 11 Oct. 17 24 98 37 Purchase 103 25 Sale 42 Oct. 22 Oct. 25 Oct. 29 Purchase 56 74 102 27 42 Sale (a1) Your answer is correct. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit 24.563 e Textbook and Media List of Accounts Attempts: 2 of 3 used (a2) Your answer is correct. 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, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2570 $ 2948 $ 2751 The cost of goods sold $ 6469 $ 6091 $ 6288 Gross profit $ 3793 4171 3974 (a3) Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%) LIFO FIFO AVERAGE-COST it rate % % % eTextbook and Media List of AccountsStep by Step Solution
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