You have the following information for Oriole Company for the month ended October 31, 2022. Oriole...

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You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 526 Oct. 9 Purchase 130 28 Oct. 11 Sale 95 45 Oct. 17 Purchase 95 29 Oct. 22 Sale 55 50 Oct. 25 Purchase 65 31 Oct. 29 Sale 105 50 Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit S e Textbook and Media List of Accounts 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 The ending inventory S S The cost of goods sold S S Gross profit S S eTextbook and Media 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%) LIFO Gross proftrate 36 FIFO % S S S AVERAGE-COST AVERAGE-COST % You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 526 Oct. 9 Purchase 130 28 Oct. 11 Sale 95 45 Oct. 17 Purchase 95 29 Oct. 22 Sale 55 50 Oct. 25 Purchase 65 31 Oct. 29 Sale 105 50 Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit S e Textbook and Media List of Accounts 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 The ending inventory S S The cost of goods sold S S Gross profit S S eTextbook and Media 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%) LIFO Gross proftrate 36 FIFO % S S S AVERAGE-COST AVERAGE-COST %

Answer rating: 100% (QA)

Calculate weighted average lot per unit Total lost 55x26 130x28 ... View the full answer