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You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory. Date

You are provided with the following information for Koetteritz Inc. for the month ended June 30, 2017. Koetteritz uses the periodic method for inventory.
Date Description Quantity Unit Cost or Selling Price
June 1 Beginning inventory 42 $40
June 4 Purchase 139 43
June 10 Sale 112 73
June 11 Sale return 14 73
June 18 Purchase 55 46
June 18 Purchase return 9 46
June 25 Sale 68 79
June 28 Purchase 30 49

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.

Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost.

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