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You have the following information for Nash's Trading Post, LLC for the month ended October 31, 2022. Nash uses a periodic method for inventory. Date
You have the following information for Nash's Trading Post, LLC for the month ended October 31, 2022. Nash uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price 50 Oct. 1 Oct. 9 Beginning inventory Purchase Sale Oct. 11 Oct 17 Purchase Oct. 22 Oct. 25 Oct. 29 Sale Purchase Sale Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit $ 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 A The ending inventory A A A The cost of goods sold 0 A A Gross profit 0 A 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, e.g. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate
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