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You have the following information for Novak Corp. for the month ended October 31, 2022. Novak uses a periodic method for inventory. question: Calculate ending

You have the following information for Novak Corp. for the month ended October 31, 2022. Novak uses a periodic method for inventory. question: 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.)

Date

Description

Units

Unit Cost or Selling Price

Oct. 1

Beginning inventory

60 $ 24

Oct. 9

Purchase

140 26

Oct. 11

Sale

95 45

Oct. 17

Purchase

95 270

Oct. 22

Sale

60 50

Oct. 25

Purchase

70 29

Oct. 29

Sale

105

50

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