You have the following information for Bonita Industries for the month ended October 31, 2022. Bonita uses a periodic method forinventory.DateDescriptionOct. 1Oct. 9Oct. 11Oct. 17Oct 22Oct. 25Oct. 29 SaleBeginning inventoryPurchaseSalePurchaseSalePurchase2 of 12-Weighted average cost peeTextbook and MediaList of AccountsUnitsThe ending inventory $65The cost of goods sold $13090906575Calculate the weighted-average cost. (Round answer to 3 decimal places, eg. 5.125)cost per unit $100Unit Cost or Selling PriceCalculate ending inventory, cost of goods sold, gross profit under each of the following methods.(1) LIFO.(2) FIFO(3) Average-cost. (Round answers to 0 decimal place, eg 125)LIFO2 2 2 2 2 2 224514$22FIFO$$AVERAGE COST

The weighted average method, the last-in-first-out method, and the first-in-first-out method are the…

You have the following information for Bonita Industries for the month ended October 31, 2022. Bonita uses a periodic method for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units Unit Cost or Selling Price $22 eTextbook and Media List of Accounts & 8 8 8 8 130 90 The ending inventory $ The cost of goods sold $ 65 75 100 Weighted average cost per unit $ Calculate the weighted-average cost. (Round answer to 3 decimal places, eg 5.125) 24514 (1) LIFO (2) FIFO (3) Average-cost. (Round answers to 0 decimal place.eg 125) 24 LIFO 83886 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. 50 FIFO $ AVERAGE COST

You have the following information for Bonita Industries for the month ended October 31, 2022. Bonita uses a periodic method for inventory. Date Oct. 1 Oct. 9 Oct. 11 Oct. 17 Oct 22 Oct. 25 Oct. 29 Description Beginning inventory Purchase Sale Purchase Sale Purchase Sale Units Unit Cost or Selling Price $22 eTextbook and Media List of Accounts & 8 8 8 8 130 90 The ending inventory $ The cost of goods sold $ 65 75 100 Weighted average cost per unit $ Calculate the weighted-average cost. (Round answer to 3 decimal places, eg 5.125) 24514 (1) LIFO (2) FIFO (3) Average-cost. (Round answers to 0 decimal place.eg 125) 24 LIFO 83886 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. 50 FIFO $ AVERAGE COST

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter7: Inventories: Cost Measurement And Flow Assumptions

Section: Chapter Questions

Problem 11E: Alternative Inventory Methods Nevens Company uses a periodic inventory system. During November, the...

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