Question

Weygandt, Accounting Principles, 12e Gradebook ORION Dewnloadable eTextbook ent Question You are provided with the following information for Splish Inc. for the month ended June 30, 2017. Splish uses the periodic method for inventory Unit Cost or Selling Price $43 46 76 Date Quantity June 1 Seginning inventory41 137 112 une 4 Purchase June 10 Sale June 18 Purchase June 25 Sale June 28 Purchase 83 (a) Calculate (1) ending inventory, (l) cost of goods sold, () gross profit, and (iv) gross profit rate under each of the following methods (1) LIFO. (2) FIPO. (3) Average-cost. (Round average unit cost, ending inventory, cost of goods sold and gross profit under average-cos e.g. 25.16. Round gross profit rate to 1 decimal place, e.g. 21.5%.) Ending inventory Cost of goods sold s Gross profit Gross profit rate nn the Print tennial nie MacBook Air 9



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