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Problem 6-05A a1-a3,b (Video) You are provided with the following information for Bramble Inc. for the month ended June 30, 2020. Bramble uses the periodic
Problem 6-05A a1-a3,b (Video) You are provided with the following information for Bramble Inc. for the month ended June 30, 2020. Bramble uses the periodic method for inventory. Date Description Unit Cost or Selling Price Quantity June 1 44 $42 Beginning inventory Purchase June 4 138 46 June 10 Sale 107 67 June 11 Sale return 12 67 June 18 Purchase 56 47 June 18 Purchase return 10 47 June 25 Sale 67 73 June 28 Purchase 33 51 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted average cost per unit LIFO FIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold $ $ $ Gross profit $ 2 LINK TO TEXT Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, LIFO FIFO AVERAGE-COST Gross profit rate % % % LINK TO TEXT Compare the results for the three cost flow assumptions and answer the following questions. gross profit. In this period of rising prices, gives the highest cost of goods sold and the gives the lowest cost of goods sold and the gross profit
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