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BCD Company' uses a periodic inventory system and has a 12/31 fiscal year end. BCD's inventory records show the following data: Units Unit Cost $
BCD Company' uses a periodic inventory system and has a 12/31 fiscal year end. BCD's inventory records show the following data: Units Unit Cost $ 6.00 Beginning Inventory, January 1 Purchases: 10,000 18-Jun 9,000 8-Nov 3,000 $ 8.00 $ 10.00 A physical inventory on December 31 shows 4,000 units on hand. BCD sells the units for $13 each. The company has an effective tax rate of 20%. Under the FIFO method, the December 31 inventory would be valued at Under the FIFO method, the gross profit for the year would be Under the LIFO method, the cost of goods sold for the year would be Under the weighted average method, the December 31 inventory would be valued at
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