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Calculate the gross profit rate under each of the following methods. 1 . LIFO 2 . FIFO 3 . Average - Cost Gross profit rate:

Calculate the gross profit rate under each of the following methods.

1 .

LIFO

2 .

FIFO

3 .

Average

-

Cost

Gross profit rate: LIFO

% ?

FIFO

% ?

Average

-

Cost?

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