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You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inventory. Date Description Units
You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit $ 25.032 e Textbook and Media List of Accounts Calculate ending inventory, cost of goods sold, gross profit under each of the following methods (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to decimal place, eg, 125.) LIFO FIFO AVERAGE-COST The ending inventory $ The cost of goods sold $ Gross profit e Textbook and Media List of Accounts 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 eTextbook and Media List of Accounts Savc for Later Attempts: 0 of 1 used Submit
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