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Problem 6-5A (Part Level Submission) You are provided with the following information for Pharoah Inc. for the month ended June 30, 2019. Pharoah uses the
Problem 6-5A (Part Level Submission) You are provided with the following information for Pharoah Inc. for the month ended June 30, 2019. Pharoah uses the periodic system for inventory. Quantity Unit Cost or Selling Price $40 44 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 (al) Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted average cost per unit 1 44.32 Click if you would like to Show Work for this question: Open Show Work (a2) 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 0 decimal places, e.g. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST VI The ending inventory 3364 4950 3546 sh The cost of goods sold AAAF 5732 7136 Gross profit 4745 6331 T 4927 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR
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