You have the following information for Novak Corp. for the month ended October 31, 2017. Novak Corp. uses a periodic method for inventory. Date Description Units Unit Cost or Selling Price
Oct. 1 Beginning inventory 59 $24
Oct. 9 Purchase 110 26
Oct. 11 Sale 100 35
Oct. 17 Purchase 110 27
Oct. 22 Sale 64 40
Oct. 25 Purchase 63 29
Oct. 29 Sale 104 40

Required:
a. Calculate the weighted-average cost.
b. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods.

1. LIFO.
2. FIFO.
3. Average-cost.

Allen's office department manufactures computer desks in its​ moosejaw, saskatchewan, plant. the company uses activity based costing to allocate all manufacturing conversion costs​ (direct labour and manufacturing​ overhead). its activities and related data​ follow: ​(click the icon to view the activity areas and related​ data.) requirements 1. compute the​ per-unit manufacturing product cost of standard desks and unpainted desks. 2. premanufacturing​ activities, such as product​ design, were assigned to the standard desks at $ 5 each and to the unpainted desks at $ 2 each. similar analyses were conducted of postmanufacturing​ activities, such as​ distribution, marketing, and customer service. the postmanufacturing costs were $ 31 per standard and $ 26 per unpainted desk. compute the full product costs per desk. 3. which product costs are reported in the external financial​ statements? which costs are used for management decision​ making? explain the difference. 4. what price should allen's managers set for standard desks to earn a $ 52 profit per​ desk?