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You have the following information for Concord Inc. for the month ended October 31, 2022. Concord uses a periodic method for inventory. Date Units Unit
You have the following information for Concord Inc. for the month ended October 31, 2022. Concord uses a periodic method for inventory. Date Units Unit Cost or Selling Price Oct. 1 Description Beginning inventory Purchase $26 60 128 Oct. 9 Oct. 11 Sale 109 110 28 34 29 39 Oct. 17 Oct. 22 Oct. 25 Purchase Sale 55 71 31 Purchase Sale Oct. 29 118 39 (a 1) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per unit $ 28.550 e Textbook and Media List of Accounts Attempts: unlimited (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, eg. 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 $ $ $
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