You have the following information for Oriole Company for the month ended October 31, 2022. Oriole uses a periodic method for inventory Date Description Units Unit Cost or Selling Price
Oct. 1 Beginning inventory 55 26
Oct. 9 Purchase 130 28
Oct. 11 Sale 95 45
Oct. 17 Purchase 95 29
Oct. 22 Sale 55 50
Oct. 25 Purchase 65 31
Oct. 29 Sale 105 50
a. Calculate the weighted average cost.
(Round answer to 3 decimal places, e. g. 5.125.)
b. 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 o decimal place, e. g. 125.)
c. 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%)