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Problem 6-5A You have the following information for Oriole Company for the month ended October 31, 2017. Oriole Company uses a periodic method for inventory.
Problem 6-5A You have the following information for Oriole Company for the month ended October 31, 2017. Oriole Company uses a periodic method for inventory. Date Oct. Beginning inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Description Units 56 108 94 Unit Cost or Selling Price $22 56 71 104 32 25 37 27 37 Calculate the weighted-average cost. (Round anwer 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 0 decimal place, e.g. 125.)
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