Question: Current Attempt in Progress You have the following information for Blossom Company for the month ended October 31, 2017. Blossom Company uses a periodic method


Current Attempt in Progress You have the following information for Blossom Company for the month ended October 31, 2017. Blossom Company uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 55 $26 Oct. 9 Purchase 121 107 Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted average cost per unit $ eTextbook and Media 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 0 decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2,028.34 $ 2,193.00 The cost of goods sold $ 8,027.66 7,863.00 $ Gross profit $ 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 FIFO AVERAGE-COST Gross profit rate
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