Question: need a3 to be finished Current Attempt in Progress You have the following information for Sheffield Corp. for the month ended October 31, 2022 Sheffield



Current Attempt in Progress You have the following information for Sheffield Corp. for the month ended October 31, 2022 Sheffield uses a periodic method for Inventory Date Units Description Beginning inventory Unit Cost or Selling Price $22 Oct. 1 70 Oct. 9 Purchase 120 24 Oct. 11 Sale 90 35 Oct 17 Purchase 90 25 Oct 22 Sale 70 40 Oct. 25 Purchase 80 27 Oct 29 Sale 100 40 (1) Your answer has been saved. See score details after the due date. Calculate the weighted average cost. (Round answer to 3 decimal places, c.8. 5.125.) Welghted average cost per unit $ List of Accounts Attempts: 1 of 1 used (a2) Your answer has been saved. See score details after the due date 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 decimal place, c.8. 125.) LIFO FIFO AVERAGE-COST The ending inventory $ 2660 $ 23 The cost of goods sold $ 570 $ 6170 $ 17 Gross pront $ $ 70 (a3) 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 %6
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