Date Oct. 9 Purchase Purchases 12 17 25 Explanation 28 Sale Purchase Sale Units 5,100 4,300 (5,100) 3,800 (6,500 ) Unit Cost/Price $17.00 16.50 40.00 16.80 40.00 Total Cost $86,700 70,950 63,840 Calculate ending inventory at October 31 and cost of goods sold for the month assuming that DL used (1) FIFO and (2) average cost. (Round average cost per unit to 2 decimal places, e.g. 50.25 and all other answers to the nearest whole dollar, e.g. 5,275.) Cost of ending inventory Cost of goods sold Gross profit $ S $ Calculate gross profit using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5.275.75.) FIFO FIFO Average Weighted average
Date Oct. 9 Purchase Purchases 12 17 25 Explanation 28 Sale Purchase Sale Units 5,100 4,300 (5,100) 3,800 (6,500 ) Unit Cost/Price $17.00 16.50 40.00 16.80 40.00 Total Cost $86,700 70,950 63,840 Calculate ending inventory at October 31 and cost of goods sold for the month assuming that DL used (1) FIFO and (2) average cost. (Round average cost per unit to 2 decimal places, e.g. 50.25 and all other answers to the nearest whole dollar, e.g. 5,275.) Cost of ending inventory Cost of goods sold Gross profit $ S $ Calculate gross profit using (1) FIFO and (2) weighted average. (Round the weighted average cost per unit and final answers to 2 decimal places, e.g. 5.275.75.) FIFO FIFO Average Weighted average
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