Question: I am having a hard time with this problem. Can someone help me? You are provided with the following information for Najera Inc. for the

I am having a hard time with this problem.

Can someone help me?

You are provided with the following information for Najera Inc. for the month ended June 30, 2014. Najera uses the periodic method for inventory.
Date Description Units Unit Cost or Selling Price
June 1 Beginning inventory 43 $40
June 4 Purchase 136 45
June 10 Sale 106 71
June 11 Sale return 15 71
June 18 Purchase 57 48
June 18 Purchase return 11 48
June 25 Sale 66 77
June 28 Purchase 31 52
Calculate cost per unit.(Round answer to 2 decimal places, e.g. 5.25.)
Weighted-average cost per unit $
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, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250.)
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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