8:35 PM ASSIGNMENT RESOURCES Problem 6-5A Ch06 Homework You have the following i

Question

8:35 PM ASSIGNMENT RESOURCES Problem 6-5A Ch06 Homework You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory. Date Oct. 1 Beginning inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Units 63 126 105 105 63 73 115 Unit Cost or Price $25 27 37 28 42 30 42 Q Exercise 6-10 Exercise 6-11 Problem. 3A Review Results by Study (a1) Your answer is correct. Calculate the weighted-average cost. (Round answers to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit Click if you would like to Show Work for this question: Open Show Work 27.540 LINK TO TEXT Attempts: 1 of 5 used (a2) Your answer is correct.

Explanation / Answer

(a1). Weighted Average Cost of purachses = $27.540 per unit

(a2)

(a3)

LIFO FIFO Average Cost The Ending Inventory ($) 2142.00 2498.00 2374.24 The Cost of goods sold ($) 7965.00 7609.00 7732.76 Gross Profit ($) 3396.00 3752.00 3628.24

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