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Problem 6-5A 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	39	$38
June	4	Purchase	136	42
June	10	Sale	107	70
June	11	Sale return	13	70
June	18	Purchase	54	44
June	18	Purchase return	11	44
June	25	Sale	63	75
June	28	Purchase	26	47

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Calculate cost per unit. (Round answer to 2 decimal places, e.g. 5.25.)

Weighted-average cost per unit

$

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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	$	$	$

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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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amp;lt;img height="1" width="1" border="0" alt="" src="https://googleads.g.doubleclick.net/pagead/viewthroughconversion/944609404/?frame=0amp;amp;random=1455501807154amp;amp;cv=8amp;amp;fst=1455501807154amp;amp;num=1amp;amp;fmt=1amp;amp;guid=ONamp;amp;u_h=853amp;amp;u_w=1280amp;amp;u_ah=813amp;amp;u_aw=1280amp;amp;u_cd=24amp;amp;u_his=3amp;amp;u_tz=-300amp;amp;u_java=trueamp;amp;u_nplug=2amp;amp;u_nmime=3amp;amp;frm=1amp;amp;url=http%3A//edugen.wiley.com/edugen/student/main.uniamp;amp;ref=http%3A//edugen.wiley.com/edugen/shared/assignment/test/agarea.uniamp;amp;tiba=Problem%206-5A" /amp;gt; Print by: Sean Kontogianis AB114: Accounting I - 1505C-02 / 114 Unit 9 Assignment *Problem 6-5A 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 June June 1 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Units Beginning inventory Unit Cost or Selling Price 39 Purchase $38 136 Sale 42 107 Sale return 70 13 Purchase 70 54 Purchase return 44 11 Sale 44 63 Purchase 75 26 47 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.) The ending inventory $ LIFO FIFO $ The cost of goods sold $ $ $ Gross profit AVERAGE-COST $ $ $ $ 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%.) Gross profit rate LIFO % FIFO % AVERAGE-COST % Question Attempts: 0 of 5 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved