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You have the following information for Sunland Inc. for the month ended June 30, 2022. Sunland uses a periodic inventory system , Unit Cost or
You have the following information for Sunland Inc. for the month ended June 30, 2022. Sunland uses a periodic inventory system , Unit Cost or Selling Price Date Quantity June 1 Description Beginning inventory Purchase 40 S29 June 4 135 32 June 10 Sale 110 59 June 11 Sale return 15 59 June 18 Purchase 55 35 June 18 Purchase return 10 35 June 25 Sale 65 65 June 28 Purchase 35 39 (a1) Your Answer Correct Answer Your answer is correct Calculate cost per unit. (Round answer to 2 decimal places, eg 5.25) .) Weighted average cost per unit $ 33.02 e Textbook and Media Attempts: 1 of 3 used (a2) Your Answer Correct Answer Calculate ending inventory, cost of goods sold gross prot under each of the following methods. (1) LIFO. (2) FIFO (3) Average cost. (Round average-cost method answers to 2 decimal places, eg. 1,250.25 and other answers to decimal places, eg 1,250.) e) LIFO FIFO AVERAGE COST The ending Inventory $ 3240 $ $ The cost of goods sold $ 5100 $ $ Gross profit $ 3240 $ $ e Textbook and Media Save for Later Attempts:0 of 3 used Submit Answer (a3) The parts of this question must be completed in order. This part will be available when you complete the part above, (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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