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You have the following information for Windsor, Inc. for the month ended October 31, 2022. Windsor uses a periodic method for inventory. Date Units Description
You have the following information for Windsor, Inc. for the month ended October 31, 2022. Windsor uses a periodic method for inventory. Date Units Description Beginning inventory Purchase Unit Cost or Selling Price $26 Oct. 1 Oct. 9 60 135 28 Oct. 11 Sale 90 40 Oct. 17 Purchase 90 29 Oct. 22 Sale 60 45 Oct. 25 Purchase 70 31 Oct. 29 Sale 100 45 Calculate ending inventory, cost of goods sold, gross profit 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 $ $ ta LA | The cost of goods sold $ $ $ Gross profit GA $ 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%) LIFO FIFO AVERAGE-COST Gross profit rate % % %
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