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PLease help solve this question. see the attachment file. You are provided with the following information for Najera Inc. for the month ended June 30,
PLease help solve this question. see the attachment file.
You are provided with the following information for Najera Inc. for the month ended June 30, 2014. Najera uses the periodic method for inventory. Date Description Units Unit Cost or Selling Price June 1 Beginning inventory 38 $41 June 4 Purchase 135 44 June 10 Sale 113 69 June 11 Sale return 14 69 June 18 Purchase 53 47 June 18 Purchase return 9 47 June 25 Sale 67 74 June 28 Purchase 29 51 Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) $ Weighted-average cost per unit SHOW SOLUTION SHOW ANSWER LINK TO TEXT 44.90 Your answer is incorrect. Try again. 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, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250.) LIFO FIFO AVERAGE-COST $ $ $ The ending inventory 3609 3834 $ The cost of goods sold $ 7436 7211 $ Gross profit $ $ 11789 $ 11789 11789 LINK TO TEXT Your answer is incorrect. Try again. Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Averagecost. (Round answers to 1 decimal place, e.g. 51.2%.) LIFO FIFO AVERAGE-COST Gross profit rate 36.9 % 38.8 % Click if you would like to Show Work for this question: LINK TO TEXT % Open Show WorkStep by Step Solution
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