i had already posted this question but it was wrong ...

80.2K

Verified Solution

Question

Accounting

i had already posted this question but it was wrong
image
image
Question 5 of 6 0.44/1 E View Policies Show Attempt History Current Attempt in Progress You have the following information for Van Gogh Inc. for the month ended October 31, 2022. Van Gogh uses a periodic method for Inventory Date Units Description Beginning inventory Purchase Unit Cost or Selling Price $24 Oct. 1 60 Oct. 9 120 26 Oct. 11 Sale 100 35 Oct. 17 Purchase 100 27 Oct 22 40 Sale 60 29 Oct. 25 Purchase 70 110 40 Oct. 29 Sale (a1) Question 5 of 6 0.44/1 E (a2) Your answer is partially correct. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods (1) LIFO. (2) FIFO (3) Average cost. (Round per unit cost to 3 decimal places, es15.647 and final answers to decimal places as 5.125) LIFO FIFO AVERAGE COST The ending inventory $ 1900 $ 14.40 $ 140 $ $ 7330 3120 $ The cost of goods sold 3120 $ $ $ 2970 2000 2030 Gross proht eTextbook and Media List of Accounts Attempts: 2 of 3 used Sub Save for later (a3) available when you complete the part above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students