Question: Current Attempt in Progress You have the following information for Coronado Inc. for the month ended June 30, 2022. Coronado uses a perlodic inventorysystem Unit


Current Attempt in Progress You have the following information for Coronado Inc. for the month ended June 30, 2022. Coronado uses a perlodic inventorysystem Unit Cost or Selling Price Date Quantity June 1 1 Description Beginning inventory Purchase 40 $ 23 June 4 135 26 June 10 Sale 110 53 June 11 Sale return 15 53 June 18 Purchase 55 29 June 18 Purchase return 10 29 June 25 Sale 65 59 June 28 Purchase 35 33 (a1) Your Answer Correct Angwer (Used) mer Calculate cost per unit. (Round answer to 2 decimal places, e3.5.25) Weighted average cost per unit $ 2700 (a2) Your answer is partially correct Calculate ending inventory.cost of goods sold, gross proft under each of the following methods. (1) LIFO (2) FIFO (3) Average cost. (Round average-cost method answers to 2 decimal places, es, 1.250.25 and other answers to decimal places, es. 1.250) LIFO FIFO AVERAGE-COST The ending inventory 2350 2850 25669 $ The cost of goods sold 6520 $ 6020 63031 370 Gross profit $ 870 $ 586 eTextbook and Media Attempts. 1 of 2 used Skinit Arawer Savefor Later Question 2 of 2 2.08/25 Gross proht 370 $ 870 586.9 eTextbook and Media Save for Later Attempts. 1 of 2 used Submit Anwes (a3) Calculate gross proftrate under each of the following methods. (1) UFO (2) FIFO (3) Average-cost. (Round answers to 1 decimal ploce, cs. 512X) LIFO FIFO AVERAGE-COST Gross proftrate % eTextbook and Media Savetor Later Attempts: 0 of 2 used Sun Arne (b) Compare results for the thred cost flow assumptions and answer the following questions. gross profit In this period of rising prices pives the highest cost of goods sold and the sves the lowest cost of goods sold and the gross profit e Textbook and Media Save for later Attempts 0 of 2 used Submit Arc
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