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Problem 6-5A You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najer Unit Cost or Selling Price

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Problem 6-5A You are provided with the following information for Najera Inc. for the month ended June 30, 2017. Najer Unit Cost or Selling Price Quantity 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 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per units LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250. Use weighted-aver LIFO FIFO AVERAGE-COST The ending inventory Is Weygandt, Financial & Managerial Accounting, 2e Help System Announcements (Unread) PRINTER VERSION BACK NEXT 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 answer decimal places, e.g. 1,250.25 and other answers to decimal places, e.g. 1,250. Use weighted average unit cost rounded to 2 decimal places for computation LIFO AVERAGE-COST The ending inventory The cost of goods sold Gross profit VIDEO SIMILAR PROBLEM Calculate gross profit rate under each of the following methods. (1) LIFO (2) PIFO. (3) Average cost. (Round answers to 1 decimal place ... 51.29.) LIFO FIFO AVERAGE-COST Gross profit rate VIDEO: MARLEM Compare the results for the three cost how assumptions and answer the following questions cost of goods sold and the gross profit. Fir gives the In this period of rising prices, LIFO gives the cost of goods sold and the VIDEO SIMILAR PROBLEM LINK TO TEXT

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