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You have the following information for Sunland Inc. for the month ended October 31, 2022. Sunland uses a periodic method for inventory. Date Description Units
You have the following information for Sunland Inc. for the month ended October 31, 2022. Sunland uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price $25 Oct. 1 58 Beginning inventory Purchase Oct. 9 116 27 Sale 104 37 98 28 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Purchase Sale 42 57 69 Purchase 30 Sale 104 42 (21) Your answer is correct. Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit $ 27.554 e Textbook and Media List of Accounts Attempts: 4 of 4 used Question Part Score 3.33/3. (a2) Your answer is incorrect. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, eg. 15.647 and final answers to 0 decimal places, eg. 5,125.) LIFO FIFO AVERAGE-COST $ $ $ The ending inventory The cost of goods $ $ sold Gross profit $ | $ $
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