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Problem 6-5A You have the following information for Sweet Acacia Industries for the month ended October 31, 2017. Sweet Acacia Industries uses a periodic method
Problem 6-5A You have the following information for Sweet Acacia Industries for the month ended October 31, 2017. Sweet Acacia Industries uses a periodic method for inventory Description Units 61 128 92 94 60 68 118 Unit Cost or Selling Price Date Oct. 1 Begnning inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale $22 38 25 43 27 43 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate ending inventory, cost of goods sold, gross profit under each of the following methods (1) LIFO (2) FIFO (3) Average-o. (Round answers to 0 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory The cost of goods sold Gross profit SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate gross profit rate under each of the following methods (1) LIFO (2) FIFO (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate
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