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AVERAGE The ending inventory s The cost of goods sold Gross profit LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate gross profit rate

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AVERAGE The ending inventory s The cost of goods sold Gross profit LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR PROBLEM Calculate gross profit rate under each of the following methods. (1) LIFO (2) FIFO (3) Average-cost. (Round answers to 1 decimal place, eg. 51.2%) AVERAGE-COS Gross profit rate

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