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You have the following information for Sunland Inc. for the month ended October 31, 2025. Sunland uses a periodic system for Inventory. Date Description Units
You have the following information for Sunland Inc. for the month ended October 31, 2025. Sunland uses a periodic system for Inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 60 $26 Oct. 9 Purchase 135 28 Oct. 11 Sale 90 40 Oct. 17 Purchase 90 29 Oct. 22 Sale 60 45 Oct. 25 Purchase 70 31 Oct. 29 Sale 100 45 Calculate the weighted average cost (Round answer to 3 decimal places, eg. 5.125) Weighted-average cost per unit Calculate ending inventory, cost of goods sold, and gross profit under each of the following methods. 1. LIFO. 2. FIFO. 3. Average cost. (Round answers to 0 decimal places, eg 125.) Ending inventory Cost of goods sold Gross profit LIFO FIFO 4 AVERAGE-COST Calculate the 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 Gross profit rate FIFO AVERAGE-COST
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