Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What would be the answer to the second part of this question sorry included is the numbers for the question Question 5 of 12 0.33/1
What would be the answer to the second part of this question sorry included is the numbers for the question
Question 5 of 12 0.33/1 III View Policies Show Attempt History Current Attempt in Progress You have the following information for Pharoah Company for the month ended October 31, 2022. Pharoah Company uses a periodic method for inventory. Date Units Oct. 1 59 Description Beginning inventory Purchase Sale Unit Cost or Selling Price $22 24 132 Oct. 9 Oct. 11 98 37 Oct. 17 Purchase 103 25 Sale 56 42 Oct. 22 Oct. 25 74 27 Purchase Sale ct. 2 102 42 Question 5 of 12 > 0.33/1 III (a 1) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 24.563 e Textbook and Media List of Accounts Attempts: 2 of 3 used (a2) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125.) LIFO FIFO AVERAGE-COST $ $ $ The ending inventory The cost of goods sold $ $ $ Gross profit $ $ $ e Textbook and MediaStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started