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Problem 6-5A You have the following information for Sunland Company for the month ended October 31, 2017. Sunland Company uses a periodic method for inventory
Problem 6-5A You have the following information for Sunland Company for the month ended October 31, 2017. Sunland Company uses a periodic method for inventory Date Description Units Unit Cost or Oct. Beginning 1inventory Oct. purchase Selling Price $23 25 32 113 106 107 62 75 Oct Sale Oct. purchase 17 Oct Sale 37 Oct. purchase 25 Oct 29 28 Sale 103 37 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 0 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventorys 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 Wo
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