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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 50 $22 Oct. 9 Purchase 110 Oct. 11 Sale Oct. 17 Purchase Oct. 22. Sale Oct. 25 Purchase Oct. 29 Sale 100 8888 26 50 40 28 222 22 24 35 40 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit eTextbook 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 O decimal place, eg. 125.) The ending inventory LIFO FIFO $ AVERAGE-COST Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%) Gross profit rate LIFO FIFO AVERAGE-COST %
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