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Question 5 Grouper Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold.
Question 5 Grouper Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 68 units were sold. Date Explanation Units Unit Cost Total Cost May 1 Inventory 36 $9 $324 15 Purchase 22 10 220 24 Purchase 42 11 462 Total 100 $1,006 Calculate the weighted average unit cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average unit cost $ SHOW SOLUTION LINK TO TEXT LINK TO VIDEO Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.) AVERAGE-COST The ending inventory at May 31 $ FIFO LIFO S S
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