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You have the following information for Swifty Corporation for the month ended October 31, 2022. Swifty uses a periodic method for inventory Description Units Unit
You have the following information for Swifty Corporation for the month ended October 31, 2022. Swifty uses a periodic method for inventory Description Units Unit Cost or Selling Price Date Beginning inventory $26 Oct. 1 65 Oct. 9 Purchase 130 28 Oct. 11 Sale 45 100 Oct. 17 Purchase 29 100 Oct, 22 Sale 65 50 Oct. 25 31 Purchase 75 Sale 50 Oct. 29 110 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) $ Weighted-average cost per unit 28.527 eTextbook and Media List of Accounts Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. ay (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal place, e.g. 125.) AVERAGE-COST LIFO FIFO $ The ending inventory $ $ The cost of goods sold $ $ $ Gross profit eTextbook and Media eTextbook Video List of Accounts 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%) AVERAGE-COST LIFO FIFO Gross profit rate eTextbook and Media List of Accounts
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