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Question 2 You have the following information for Bramble Corp. for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date
Question 2 You have the following information for Bramble Corp. for the month ended October 31, 2022. Bramble uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 65 $26 Oct. 9 Purchase 115 28 Oct. 11 Sale 95 40 Oct. 17 Purchase 95 29 Oct. 22 Sale 65 45 Oct. 25 Purchase 75 31 Oct. 29 Sale 105 45 Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit 28.543 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT 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, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory 2250 2615 2426 $ The cost of goods sold 7740 7375 7564 Gross profit 3710 4075 3886 SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT x Your answer is incorrect. Try again. 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 107.8 % 7564 % 3886 % Click you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT
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