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Ignore A2 and the incorrect answers in red I just need the answers for A3 You are provided with the following information for Waterway Inc.
Ignore A2 and the incorrect answers in red I just need the answers for A3
You are provided with the following information for Waterway Inc. for the month ended June 30, 2020. Waterway uses the periodic method for inventory. Unit Cost or Selling Price $38 Date June 1 June 4 June 10 June 11 June 18 Jung 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Quantity 42 139 105 17 54 10 67 32 41 72 72 44 44 72 47 (21) Your answer is correct Calculate cost per unit (Round answer to 2 decimal places, eg. 5.25.) Weighted average cost per unit 4177 Calculate ending inventory.cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average- cost. (Round average-cost method answers to 2 decimal places, eg. 1.250.25 and other answers to decimal places, eg. 1,250.) LIFO FIFO AVERAGE-COST The ending inventory $ The cost of goods s $ $ sold Gross profit $ 4056 4506 4260.54 $ 6679 $ 4816 $ 5266 $ 5266 eTextbook and Media Attempts: 5 of 5 used (a3) 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 96 % 96Step by Step Solution
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