View Policies

Show Attempt History

Current Attempt in Progress

You are provided with the following information for Bramble Inc. for the month ended June 30, 2020. Bramble uses the periodic method for inventory.

Date				Description		Quantity		Unit Cost or Selling Price
June		1		Beginning inventory		44		$42
June		4		Purchase		138		46
June		10		Sale		107		67
June		11		Sale return		12		67
June		18		Purchase		56		47
June		18		Purchase return		10		47
June		25		Sale		67		73
June		28		Purchase		33		51

(a1)

• Your Answer
• Correct Answer (Used)

Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)

Weighted-average cost per unit

$Enter the weighted-average cost per unit in dollars

(a2)

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250.)

		LIFO		FIFO		AVERAGE-COST
The ending inventory		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount
The cost of goods sold		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount
Gross profit		$Enter a dollar amount		$Enter a dollar amount		$Enter a dollar amount

lookiing for answer for A2