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Problem 6-05A al-a3 You have the following information for Tamarisk, Inc. for the month ended October 31, 2022. Tamarisk uses a periodic method for inventory.
Problem 6-05A al-a3 You have the following information for Tamarisk, Inc. for the month ended October 31, 2022. Tamarisk uses a periodic method for inventory. Date Units 60 Unit Cost or Selling Price $24 115 26 Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Description Beginning inventory Purchase Sale Purchase Sale Purchase 95 45 95 27 60 50 Oct. 25 70 29 Oct. 29 Sale 105 50 Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 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 inventory $ $ $ The cost of goods sold $ $ $ Gross profit $ $ $ Calculate gross profit rate under each of the following methods. (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 Show Work
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