Please Correct what is In red Problem 6-5A You are provided with the following...
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Accounting
Please Correct what is In red
Problem 6-5A You are provided with the following information for Metlock Inc. for the month ended June 30, 2019. Metiock uses the periodic system for inventory. Quantity 40 136 Unit Cost or Selling Price $40 Date June 1 June 4 June 10 June 11 June 18 June 18 June 25 June 28 Description Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase Your answer is correct. Calculate weighted average cost per unit. (Round answer to 2 decimal places, e.g. 5.25.) Welighted-average cost per unit 44.57 SHOW SOLUTION LINK TO TEXT VIDEOI SIMILAR PROBLEM Your answer is partially correct. Try again. Calculate ending Inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to o decimal places, e.g. 1,250. Use weighted average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory J 3 184 4056 The cost of goods sold 7744 T 7 276T 7532 Gross profit 4403 L 4849 4456.80
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