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just need the answer to a3 You have the following information for Bramble Inc. for the month ended October 31, 2022. Bramble uses a periodic
just need the answer to a3
You have the following information for Bramble Inc. for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units Unit Cost or Selling Price $23 54 132 108 103 55 65 121 25 34 26 39 28 39 (a1) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit $ e Textbook and Media List of Accounts 25.537 Assistance Used Attempts: 1 of 3 used 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 0 decimal places, e.g. 5,125.) The ending inventory The cost of goods sold Gross profit $ $ LIFO 1642 7398 3138 $ $ FIFO 1950 7090 3446 $ $ $ AVERAGE-COST 1787.59 7252.51 3283,43 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%) Gross profit rate eTextbook and Media List of Accounts LIFO FIFO AVERAGE-COST Step by Step Solution
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