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Can someone answer A and B please. A. For each of the following cost flow assumptions, calculate (1) cost of goods sold, (2) ending inventory,
Can someone answer A and B please.
A. For each of the following cost flow assumptions, calculate (1) cost of goods sold, (2) ending inventory, and (3) gross profit.
1. LIFO.
2. FIFO.
3. Moving-average cost. (Round the weighted-average unit cost to three decimal places.)
B. Compare results for the three cost flow assumptions.
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