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Suppose a Robak store in Ottawa, Ontario, ended November 2000 with 700.000 units of merchandise the cost an average of each Suppose the horren od
Suppose a Robak store in Ottawa, Ontario, ended November 2000 with 700.000 units of merchandise the cost an average of each Suppose the horren od 600.000 units for $58 non during December. Further assume the store made two large purchases during December as follow December 100,000 unts @ 55 100.000 10 420.000 units 5.3 2.140,000 Required 1. At December 31 the store manager needs to know the store gros profundar bom FIFO and weighted average coal Supply this formation Robiks ta periodi inventory som 2. What caused the FIFO and weighted average cost gros profefigures to Requirement 1. A December 31, the store manager needs to know the tow's prom proft under toth PFO and weighted average copy on inomion pour une pe periode into system (Round all calculations to one decimal place) Mon Weighted Average-Cost Gross profit FIFO Gross prof Suppose a Robok store in Ottawa, Ontario, ended November 2020 with 700.000 units of merchandise that cost an average of 59 each. Suppose the store then sold 600.000 units toe $5 million during December. Further assume the store made two large purchases during December as follows December 8 100.000 units & S8 = 5 800,000 19 420.000 units @ $ 2.940.000 Required 1. At December 31, the store manager needs to know the store's gross profit under both FIFO and weighted average cost Supply this information. Robot uses the periodo inventory system, 2. What caused the FIFO and weighted average cost gross profit figures to differ? Requirement 1. Al December 31, the store manager needs to know the store's gross profit under both FIFO and weighted average cont Supply this information Robok uses the periodic Inventory system. (Round all calculations to one decimal place.) Millions Weighted Gross profit FIFO Average-Cost Gross profit
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