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Problem 6-5A You have the following information for Tamarisk, Inc. for the month ended October 31, 2017. Tamarisk, Inc. uses a periodic method for inventory
Problem 6-5A You have the following information for Tamarisk, Inc. for the month ended October 31, 2017. Tamarisk, Inc. uses a periodic method for inventory Date Oct. 1 Begining inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Description Units 63 114 96 102 54 67 109 Unit Cost or Selling Price $25 27 34 28 39 30 39 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 inventory 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: Open Show Work
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