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Cost Flow Methods The following three identical units of Item K 1 1 3 are purchased during April: ( $ 3 1 8 3 units
Cost Flow Methods
The following three identical units of Item K are purchased during April:
$ units
Assume that one unit is sold on April for $ Determine the gross profit for April and ending inventory on April using the a fir
in firstout FIFO; b lastin firstout LIFO; and c weighted average cost method.
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