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Assume that Bean Town Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: ( Click the icon to view the

Assume that Bean Town Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory:
(Click the icon to view the transactions.)
Read the requirements.
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FIFO LIFO Weighted-Average
\table[[Jun.1,Beginning merchandise inventory,15 units @ $30 each],[Jun.12,Purchase,8 units @ $31 each],[Jun.20,Sale,14 units @ $37 each],[Jun.24,Purchase,17 units @ $32 each],[Jun.29,Sale,20 units @ $37 each]]
Now compute the gross profit under each inventory costing method.
\table[[,Requirement 1.,Requirement 2.,Requirement 3.],[,FIFO,LIFO,Weighted-Average],[Sales Revenue],[Cost of Goods Sold,1242,,],[Gross Profit,,=,?bar()
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