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1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory
1. Compute the amount of goods available for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) Amount of Goods En Ending Inventory Available for Sale Cost of Goods 9 Sold a. Weighted average cost b. First-in, first-out c. Last-in, first-out d. Specific identification 2-a. Of the four methods, which will result in the highest gross profit? O Weighted average cost O First-in, first-out O Last-in, first-out Specific identification 2-b.Of the four methods, which will result in the lowest income taxes? O Weighted average cost O First-in, first-out O Last-in, first-out O Specific identification
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