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You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory. Date Description Units
You have the following information for Marigold Corp. for the month ended October 31, 2022. Marigold uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 $26 Oct. 9 Purchase 140 Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale X Your answer is incorrect. Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ 15.486 - Your answer is partially correct. 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 0 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2550 2885 4723 The cost of goods sold 7575 7235 0 4103 Gross profit 5175 5515 8647 0 X Your answer is incorrect. 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%) LIFO FIFO AVERAGE-COST Gross profit rate 40.6 % 43.3 67.8
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