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Problem 6-5A You have the following information for Windsor, Inc. for the month ended October 31, 2017. Windsor, Inc. uses a periodic method for inventory
Problem 6-5A You have the following information for Windsor, Inc. for the month ended October 31, 2017. Windsor, Inc. uses a periodic method for inventory Date Oct. Beginning inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Description Units 56 122 90 108 Unit Cost or Selling Price $23 25 26 39 28 39 67 113 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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