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You have the following information for Indigo Corporation for the month ended October 31, 2022. Indigo Corporation uses a periodic method for inventory. Date
You have the following information for Indigo Corporation for the month ended October 31, 2022. Indigo Corporation uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 63 $23 Oct. 9 Purchase 124 25 Oct. 11 Sale 102 Oct. 17 Purchase 108 26 Oct. 22 Sale 58 59 39 2 2 2 2 34 102 34 Oct. 11 Sale Oct. 17 Purchase 108 Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale 102 N 26 39 28 39 (a2) Your answer is partially correct. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) (1) LIFO. The ending inventory $ The cost of goods sold +A LIFO 4139 $ 4213.935 SA FIFO 2874 $ +A AVERAGE-COST 4213.935 6499 $ 5158.878 The ending inventory The cost of goods sold Gross profit A +A +A $ eTextbook and Media List of Accounts 4139 A 4213.935 +A $ 5494.065 +A $ 2874 6499 A A 3209 $ +A 4213.935 5158.878 4351.533 Assistance Used
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