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Average cost only part needed Your answer is partially correct. Try again. Calculate (i) ending inventory, () cost of goods sold, (i) gross profit, and

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Your answer is partially correct. Try again. Calculate (i) ending inventory, () cost of goods sold, (i) gross profit, and (iv) gross profit rate under each of the following methods: LIFO, FIFO, and average cost. (Round average cost per unit to 3 decimal places, e.g. 2.225 and average-cost answers to 2 decimal places, eg. 5,275.05. Round gross profit rate to 2 decimal places, eg. 25.22%. Round all other answers to O decimal places, e.g. 2,525. FIFO Average Cost Ending inventory Cost of goods sold Gross profit 2385 2487 4317 4215 3733 3855 Gross profit rate 46.371 % 47.64 %

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