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Question 10 of 13 < > 6/9 You have the following information for Windsor Inc. for the month ended October 31, 2022. Windsor uses
Question 10 of 13 < > 6/9 You have the following information for Windsor Inc. for the month ended October 31, 2022. Windsor uses a periodic method for inventory. Date Description Units: Unit Cost or Selling Price Oct. 1 Beginning inventory 55 $23 Oct. 9 Purchase 113 25 Oct. 11 Sale 106 32 Oct. 17 Purchase 107 26 Oct. 22 Sale 62 37 Oct. 25 Purchase 75 28 Oct. 29 Sale 103 37 X Your answer is incorrect. 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%) Gross profit rate LIFO 26.7 % FIFO 30.4 96 AVERAGE-COST 284 %6
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