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nment Exercise 8-13 Presented below is information related to Blowfish radios for the Waterway Company for the month of July. Units Sold Selling Price Total

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nment Exercise 8-13 Presented below is information related to Blowfish radios for the Waterway Company for the month of July. Units Sold Selling Price Total Units In 190 1,520 Unit Cost $4.00 4.10 Total $ 760 6,232 $6.90 $3,933 4,104 Date July 1 6 7 10 12 15 18 22 25 30 Transaction Balance Purchase Sale Sale Purchase Sale Purchase Sale Purchase Sale Totals 7.30 2,774 7.30 5,548 4.48 256 380 40 2,812 $19,171 3,990 2.660 Your answer is correct. Calculate average cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average cost T 4.3 CALCULATOR PRINTER VERSION MACK MEET Your answer is partially correct. Try again. Assuming that the periodic inventory method is used, compute the inventory costat July 31 under each of the following cost flow assumptions. (Round answers to decimal places, 9. 6,578.) (1) FIFO. (2) LIFO. (3) Weighted average. Weighted Average Ending Inventory at July 31 5966 5708 Your answer is incorrect. Try again. Which of the methods used above will yield the lowest figure for gross profit for the income statemer 'T Weighted average he l d the lowest gross profit. Your answer is correct. Which of the meth o d

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