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

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You are provided with the following information for Pharoah Inc. for the month ended June 30, 2019. Pharoah uses the periodic system for inventory Date Unit Cost or Selling Price Description Quanti June 1 Beginning inventory $40 June 4 Purchase 135 June 10 Sale 115 73 June 11 Sale return 16 73 June 18 Purchase 54 June 18 Purchase return 12 46 June 25 Sale 62 78 June 28 Purchase 25 Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 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 places, e.g. 1,250.25 and other answers to O decimal places, e-g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for AVERAGE-COST FIFO LIFO The ending inventory s of LIFO FIFO AVERAGE-COST The ending inventory s The cost of goods sold s Gross profit t ratb under each of the following Calculate gross profi methods. (1) LIFO (2) FIFO. (3) Average cost (Round answers to 1 decimal place, e.g. 51.2%.) LIFO FIFO AVERAGE-COST 9% Gross profit rate Compare the results for the three cost flow assumptions and answer the following questions cost of goods sold and the cost of goods sold and the gross profit. FIFO gives the In this period of rising prices, LIFO gives the Open Show Work Click if you would like to Show Work for this

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