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Return to Blackboard Swandte Accommoting Principles, 12e TA Problem 6-5A You are provided with the following information for Koetteritz Inc. for the month ended June
Return to Blackboard Swandte Accommoting Principles, 12e TA Problem 6-5A You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory Unit Cost or Date Description Quantity Selling Price June 1 Beginning inventory 39 $40 June 4 Purchase 137 45 June 10 Sale 108 71 June 11 Sale return 16 June 18 Purchase 54 47 June 18 Purchase return 9 47 June 25 Sale 67 75 June 28 Purchase 27 51 Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5:25.) Weighted average cost per unit $ LINK TO TEXT Calculate ending inventory, cost of goods sold, Gross profit under each of the following methods. (1) LIFO (2) FIFO. 13) Average-cost. (Round average . PRINTER VERSION Calculate ending Inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO (2) FIFO. (3) Average cost. (Round average-cast method answe 20. 1,250.25 and other answers to o decimal places, e.g. 1,250.) LIFO FIFO AVERAGE-COST The ending inventory $ $ The cost of goods sold Gross profit LINK TO TEXT Calculate gross profit rate under each of the following methods. (1) LIFO, (2) FIFO. (3) Average-cost. (Round answers to I decimal place, .. $129) LIFO FIFO AVERAGE-COST Gross profit rate 96 % LK TO TEXT Compare the results for the three cost flow assumptions and answer the following questions Compare the results for the three cost flow assumptions and answer the following questions. In this period of rising prices gives the highest cost of goods sold and the gross profit gives the lowest cost of goods soldade Click if you would like to Show Work for this question: Open Show Works LETO TEXT Question Attempts: 0 of 3 esed
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