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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. Date Description Units Unit Cost or Selling Price 61 $22 Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Beginning inventory Purchase Sale Purchase Sale Purchase Sale 118 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-cost. (Round answers to o decimal place, e.g. 125.) LIFO FIFO FIFO AVERAGE-COST The ending inventory (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to o decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory The cost of goods sold u Gross profit u 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, e.g. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate % % SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR
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