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Cost Flow Methods The following three identical units of Item LO3V are purchased during April: ($6273units) cost method Cost Flow Methods following three identical units

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Cost Flow Methods The following three identical units of Item LO3V are purchased during April: ($6273units) cost method

Cost Flow Methods following three identical units of Item L03v are purchased during April: Item neta units Cost April 2 April IS April 20 Total Average cost per unit Purchase Purchase purchase $207 $627 $209 ($627 units) Rssurne that one unit sold on April 27 for $272. Determine the gross profit for and ending inuentory on April 30 using the (a) fir5t-in, first-out (FIFO): (b) last-in, first-out (UFO); and (c) velghted average method. Gross Profit a. First-in, first-out (FIFO) b. Last-in, first-out (LIFO) Weiqhted average cost Check MY V.Ork Ending Inventory 8 save-a. 9 Email Instnctor HP Pavilion Previous Save aM Submit Assigmnent ror Gradlng AM 4 5 6 p F G Powerful laptop. Thin and light design.

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