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You are provided with the following information for Bramble Inc. for the month ended June 30, 2019. Bramble uses the periodic system for inventory Date

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You are provided with the following information for Bramble Inc. for the month ended June 30, 2019. Bramble uses the periodic system for inventory Date June Beginning inventory June 4 Purchase June 10 Sale June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase Unit Cost or Selling Price $39 43 73 73 45 45 78 Description Quantity 43 135 109 18 57 63 32 Calculate weighted-average cost per unit. (Round answer to 2 decimal places, eg. 5.25.) Weighted-average cost per unit $ 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, eg. 1,250.25 and other answers to O decimal places, eg. 1,250. Use weighted-average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory $ The cost of goods sold $ Gross profit Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate Compare the results for the three cost flow assumptions and answer the following questions. In this period of rising prices, LIFO gives the cost of goods sold and the 4gross profnt. FIFO gives the cost of goods

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