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You have the following information for Wildhorse Co.for the month ended October 31, 2017. Wildhorse Co uses a periodic method for inventory Date Oct. 1
You have the following information for Wildhorse Co.for the month ended October 31, 2017. Wildhorse Co uses a periodic method for inventory Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Units Beginning inventory Purchase Sale Purchase Sale Purchase Sale Unit Cost or Selling Price $25 27 37 28 42 30 58 116 104 98 57 69 104 42 Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit$ Calculate ending inventory, cost of goods sold, gross proft under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to O decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory The cost of The onkf goods sold Gross proft $ Calculate gross profit rate (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate
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