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You have the following information for Kingbird Inc. for the month ended October 31, 2022. Kingbird uses a periodic method for inventory. Date Description Units
You have the following information for Kingbird Inc. for the month ended October 31, 2022. Kingbird uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 59 $ 22 Oct. 9 Purchase 132 24 Oct. 11 Sale 98 37 Oct. 17 Purchase 103 25 Oct. 22 Sale 56 42 Oct. 25 Purchase 74 27 Oct. 29 Sale 102 42 (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, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) FO FIFO AVERAGE-COST The ending inventory $ ta $ $ The cost of goods sold $ $ $ Gross profit $ ta
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