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4 0 mark Jjuuko Company opened a new store in February this year. During the first year of operations, the company made the following purchases

40 mark Jjuuko Company opened a new store in February this year. During the first year of operations, the company made the following purchases and sales:
\table[[,,,,,,,],[Purchases,,,,Sales,,,],[Date,Units,Cost/unit,Date,Units,Price/unit,,],[Feb.9,20,100,Apr. 30,35,220,,],[Apr.12,25,120,Nov. 12,50,260,,],[July 18,30,130,,,,,],[Oct.26,40,150,,,,,],[,,,,,,,],[Instructions,,,,,,,]]
a. Assume Jjuuko uses moving average perpetual. Calculate the cost of ending inventory, cost of goods sold, gross profit, GP%, and markup %
b. Assume Jjuuko uses FIFO periodic . Calculate the cost of ending inventory, cost of goods sold, gross profit, GP%, and markup %
c. Prepare journal entries to record the April 12 purchase and the April 30 sale using (1) FIFO periodic and (2) Moving Average perpetual. Assume all transactions were on account.
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