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Problem 6-05A a1-a3 You have the following information for Metlock, Inc. for the month ended October 31, 2022. Metlock uses a periodic method for inventory.
Problem 6-05A a1-a3 You have the following information for Metlock, Inc. for the month ended October 31, 2022. Metlock uses a periodic method for inventory. Unit Cost Date Description Units or Selling Price act. Haginning 55 $22 1 Inventory 140 24 Oct. Purchase Oct. Sale ost. Purchase 100 act 22 sale Sale Oct. Purchase 75 110 act sale 45 Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) LINK TO VIDEO Weighted-average cost per unit LINK TO TEXT Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO (3) Average-cost. (Round answers to O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventary $ $ $ The cast of goods sold $ $ $ Gross profit $ $ $ LINK TO TEXT Calculate gross profit rate under each of the following methods. LINK TO VIDEO (1) LIFO. (2) FIFO. (3) Average cost. (Round answers to 1 decimal place, e.g. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate % % Click if you would like to Show Work for this question: Open Shaw Wark LINK TO TEXT LINK TO VIDEO
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