You have the following information for Splish Brothers Inc for the month ended October 31,...
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Accounting
You have the following information for Splish Brothers Inc for the month ended October 31, 2022. Splish Brothers uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price 55 Oct. 1 Beginning inventory Oct. 9 Purchase Oct. 11 Sale Oct. 17 Purchase Oct. 22 Sale Oct. 25 Purchase Oct. 29 Sale Calculate the weighted average cost. (Round answer to 3 decimal places, eg. 5.125.) Weighted-average cost per unit $ eTextbook and Media List of Accounts Calculate ending inventory.cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to decimal place, e.g. 125.) LIFO FIFO AVERAGE-COST 9 The ending inventory $ The cost of goods sold $ 9 Gross profit eTextbook and Media List of Accounts Calculate gross profit rate under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 1 decimal place, e.g. 51.2%) LIFO FIFO AVERAGE-COST Gross profit rate
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