Question 2 2011 View Policies Show Attempt History Current Attempt in Progress You have the following information for Nash's Trading Post, LLC for the month ended October 31, 2022. Nash uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct.1 Beginning inventory 50 Oct. 9 Purchase 130 Oct. 11 Sale 100 Oct. 17 Purchase I Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale (a1) Your answer is correct (a1) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 26.529 e Textbook and Media I List of Accounts Attempts: 1 of 3 used (a2) Your answer is correct. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods Attempts: 1 of 3 used (a2) Your answer is correct. 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, eg. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2.280 2.122 The cost of goods sold $ 1,980s 7040 4,160 6.740 6.898 Gross profit 4,302 e Textbook and Media List of Accounts Attempts: 2 of 3 used List of Accounts Attempts: 2 of 3 used (a3) 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 e Textbook and Media List of Accounts Attempts:0 of 3 used Submit Answer Save for Later