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

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You are provided with the following information for Oriole Inc. for the month ended June 30, 2020. Oriole uses the periodic method for inventory Quantity Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 41 140 112 17 55 9 65 25 Unit Cost or Selling Price $41 45 67 67 47 47 72 51 (21) Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, eg. 5.25.) Weighted-average cost per unit $ 45.31 eTextbook and Media Attempts: 1 used (22) Your Answer Correct Answer Your answer is partially correct. Calculate ending inventory.cost of goods sold, gross proft 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 decimal places, eg. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) LIFO The ending inventory FIFO AVERAGE-COST 3976 $ 4382 $ 4168 The cost of goods sold $ 7442 $ 7036 $ 7250 Gross profit $ 3466 $ 2654 S 3082 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 96 95

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