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Assume that Dunk Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: i . ( Click the icon to view
Assume that Dunk Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory:
iClick the icon to view the transactions.
Read the requirements.
Requirements and Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method, LIFO
inventory costing method, and weightedaverage inventory costing method. Round weightedaverage cost per unit to the nearest cent and all other amounts to
the nearest dollar.
Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods.
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