a3

Current Attempt in Progress You are provided with the following information for Splish Brothers Inc. for the month ended June 30, 2020. Splish Brothers uses the periodic method for inventory Unit Cost or Selling Price Date Quantity Description Beginning inventory 45 $42 June 1 June 4 Purchase 135 46 73 June 10 115 Sale 73 June 11 13 Sale return 54 June Purchase 48 18 9 48 June 18 Purchase return 68 78 June 25 Sale 52 June 28 25 Purchase (a 1) Your answer is correct. Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) $ 46.24 Weighted average cost per unit a2) Your answer is correct. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average- cost. (Round average-cost method answers to 2 decimal places, eg. 1.250.25 and other answers to decimal places, eg. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST 3,699.20 $ 3.920 The ending inventory 3,500 $ $ 7.860.80 8,060 7.640 The cost of goods sold $ 4,690 5,110 4,889 20 Gross profit (a3) Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decima place, eg. 51.2%) AVERAGE-COST FIFO LIFO % % Gross profit rate