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You have the following information for Splish Brothers Inc. for the month ended October 31, 2022. Splish Brothers uses a periodic method for inventory. Date

You have the following information for Splish Brothers Inc. for the month ended October 31, 2022. Splish Brothers uses a periodic method for inventory. image text in transcribed

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Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 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 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST 0 0 The ending inventory $ 0 The cost of goods sold A AA 0 0 Gross profit 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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