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1. During April, Wiggins Company sold 900 units of Product X for $10 per unit. Its beginning inventory, purchases, and sales during the month were

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1. During April, Wiggins Company sold 900 units of Product X for $10 per unit. Its beginning inventory, purchases, and sales during the month were as follows: April 1 Beginning Inventory 200 units @ $1 5 Purchases 200 units @ $2 8 Sales 300 units 10 Purchases 200 units @ $3 15 Purchases 200 units @ $4 18 Sales 300 units 20 Purchases 200 units @ $5 25 Purchases 200 units @ $6 28 Sales 300 units Compute the proper cost to be assigned to ending inventory, cost of goods sold, and gross profit under each of these methods using the periodic system: (a) Average cost, (b) FIFO, and (c) LIFO. You must show your calculations to receive full credit. Create and attach an additional page if necessary Ending Inventory Cost of Goods Sold Gross Profit Average Cost Method FIFO First-In First-Out Method LIFO Last-In First-Out Method Show your work here

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