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You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory. Date Units Description
You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory. Date Units Description Beginning inventory Purchase Unit Cost or Selling Price $26 Oct. 1 55 Oct. 9 130 28 Oct. 11 Sale 95 45 Oct. 17 Purchase 95 29 Oct. 22 55 50 Sale Purchase 65 31 Oct. 25 Oct. 29 Sale 105 50 (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2410 $ 2740 $ 2567 The cost of goods sold $ 7430 $ 7100 $ 7273 Gross profit $ 4845 $ 5175 $ 5002 Attempts: 1 of 3 used (a3) 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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