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You have the following information for Whispering Winds Corp. for the month ended October 31, 2022. Whispering Winds Corp. uses a periodic method for inventory.
You have the following information for Whispering Winds Corp. for the month ended October 31, 2022. Whispering Winds Corp. uses a periodic method for inventory. Date Units Oct. 1 54 Description Beginning inventory Purchase Sale Unit Cost or Selling Price $26 28 Oct. 9 124 Oct. 11 109 37 Oct. 17 Purchase 104 29 Oct. 22 Sale 62 42 Oct. 25 Purchase 66 31 Oct. 29 Sale 107 42 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, e.g. 15.647 and final answers to O decimal places, e.g. 5,125.) LIFO FIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Gross profit $ $ $
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