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You have the following information for Pharoah Company for the month ended October 31, 2017. Pharoah Company uses a periodic method for inventory. Date Description

You have the following information for Pharoah Company for the month ended October 31, 2017. Pharoah Company 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

Weighted-average cost per unit: 24.563

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods.(Round answers to 0 decimal place, e.g. 125.) (1) LIFO. (2) FIFO. (3) Average-cost.

The ending inventory $ $ $

The cost of goods sold $ $ $

Gross profit $ $ $

Gross profit rate % % %

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