Assignment Gradebook ORION Downloadable eTextbook nment CALCULATOR FULL SCR Prob

Question

Assignment Gradebook ORION Downloadable eTextbook nment CALCULATOR FULL SCR Problem 6-5A You have the following information for Blossom Company for the month ended October 31, 2017. Blossom Company uses a periodic method for inventory Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct. 22 Oct. 25 Oct. 29 Description Units Unit Cost or Selling Price Beginning inventory Purchase Sale Purchase Sale Purchase Sale 121 107 109 62 67 112 $26 28 36 29 41 31 41 [ Your answer is correct. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Weighted-average cost per unit 28 SHOW LIST OF ACCOUNTS SHOW SOLUTION SHOW ANSWER VIDEO: SIMILAR PROBLEN LINK TO TEXT & Sons Inc. All Rights Reserved. A Division of 1ohn Wiley& Sons.Inc. 8

Explanation / Answer

calculate ending inventory cost of goods sold and gross profit :

Gross profit rate :

LIFO FIFO Average cost Ending inventory 55*26+16*28=1878 67*31+4*29=2193 2028 Cost of goods sold 8178 7863 8028 Gross profit 2808 3123 2958

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