P6-5A You are provided with the following information for Pavey Inc. for the month ended
October 31, 2008. Pavey uses a periodic method for inventory.
|Units||Unit Cost or Selling price|
(a) Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods.
(b) Compare results for the three cost flow assumptions.