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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 Description Units
You have the following information for Windsor, Inc. for the month ended October 31, 2022. Windsor uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct.1 Beginning inventory 60 Oct. 9 Purchase Sale Oct. 11 Oct. 17 Oct. 22 Oct. 25 Purchase Sale Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted average cost per units 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 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory The cost of goods sold Gross profit 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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