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You have the following information for Sunland Company for the month ended October 31, 2022. Sunland uses a periodic method for inventory. Date Description Units
You have the following information for Sunland Company for the month ended October 31, 2022. Sunland uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct 1 Beginning inventory 65 Oct. 9 Purchase Oct 11 Sale Oct. 17 Purchase Oct.22 Sale Oct. 25 Purchase Oct. 29 Sale X Your answer is incorrect. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per unit $ 27.781 e Textbook and Media List of Accounts - Your answer is partially correct. 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 O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2670 3050 2778 0 - The cost of goods sold $ 7740 7632 7360 0 Gross profit 2385 A 0 2765 2493 eTextbook and Media List of Accounts - Your answer is partially correct. 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 23.6 % 27.3 % 24.6
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