Problem 6-05A al-a3,b (Video) You are provided with the following information for Swifty Inc. for the month ended June 30, 2020. Swifty uses the periodic method for inventory. Quantity Unit Cost or Selling Price $40 Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted average cost per unit 45.23 SHOW SOLUTION SHOW ANSWER LINK TO TEXT Your answer is partially correct. 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 O decimal places, e.g. 1,250.) LIFO FIFO AVERAGE-COST The ending inventory 4257 4033.50 The cost of goods sold I 6960 7183.50 Gross profit 4159 4597 4373. Problem 6-03A a, b1-b2, (Video) Lily Company had a beginning inventory on January 1 of 190 units of Product 4-18-15 at a cost of $20 per unit. During the year, the following purchases were made. Mar. 15 July 20 450 units 230 units at at $23 $24 Sept. 4 Dec. 2 350 units 100 units at at $25 $26 1,120 units were sold. Lily Company uses a periodic inventory system. x Your answer is incorrect. Try again. Determine the cost of goods available for sale. The cost of goods available for sale 27220