Question: need help with (a2) CALCULATOR Problem 6-5A (Part Level Submission) You are provided with the following information for Oriole Inc. for the month ended June

need help with (a2)  need help with (a2) CALCULATOR Problem 6-5A (Part Level Submission) You
are provided with the following information for Oriole Inc. for the month

CALCULATOR Problem 6-5A (Part Level Submission) You are provided with the following information for Oriole Inc. for the month ended June 30, 2019. Oriole uses the periodic system for inventory. Unit Cost or Date Quantity Description Beginning inventory Purchase Selling Price June 1 $41 41 June 4 45 140 June 10 Sale 67 112 June 11 Sale return 17 67 June 18 Purchase 47 55 June 18 Purchase return 47 June 25 Sale 72 65 June 28 Purchase 25 51 (a1) Your answer is correct. Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Weighted-average cost per unit 45.31 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: SIHILAR PROBLEM (a2) Calculate ending inventery, cost of goods sold, gross profit under each of the following methods. (1) LPO. (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. Use weighted-average unit cont reunded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory The cost of goods sold Gross profit Click if you would like to Show Work for this question: Dpen Show Work

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!