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Problem 6-5A You have the following information for wan Giojgh thc! for thel morith ended October 31, 2017. Van Gogh Inc. uses a periodic method
Problem 6-5A You have the following information for wan Giojgh thc! for thel morith ended October 31, 2017. Van Gogh Inc. uses a periodic method for inventory. DateDescription Units Unit cost or Selling Price oct. Beginning inventory oct. 9 Purchase oct. 11 Sale 60 $24 26 100 35 100 Oct- 17 Purchase 60 4o octi 22 Sale 29 Oct. 25 Purchase 40 Oct. 29 Sale 110 Calculate the weighted-average cost. (Round answer to a decimal paces, e.o. 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.a. 125.) FIFO AVERAGE-COST LIFO 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, eg, 51.2%) AVERAGE-COST FIFO LIFO Gross profit rate Question Attempts: Unlimited
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