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need a2 You have the following information for Sunland Inc. for the month ended October 31, 2022. Sunland uses a periodic method for inventory. Date
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You have the following information for Sunland Inc. for the month ended October 31, 2022. Sunland uses a periodic method for inventory. Date Units Description Beginning inventory Purchase Unit Cost or Selling Price $25 Oct. 1 58 Oct. 9 116 27 37 Oct. 11 Sale 104 Oct. 17 Purchase 98 28 Oct. 22 Sale 57 42 Oct. 25 Purchase 69 30 Oct. 29 Sale 104 42 (a 1) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per unit $ 27.554 e Textbook and Media List of Accounts Attempts: 4 of 4 used Question Part Score 3.33/3. (a2) Your answer is partially 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, eg. 15.647 and final answers to O decimal places, eg. 5,125.) LIFO FIFO AVERAGE-COST $ 1942 $ 2266 $ 2109 The ending inventory The cost of goods sold $ 7454 $ 7130 $ 7288 Gross profit $ 3156 $ 3480 $ 3322Step by Step Solution
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