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Cross profit for each of the inventory costing methods. More Info January 5 February 15 April 10 June 30 August 15 November 28 Purchased 35
Cross profit for each of the inventory costing methods. More Info January 5 February 15 April 10 June 30 August 15 November 28 Purchased 35 units at $85 each Sold 10 units at $130 each Sold 15 units at $130 each Purchased 40 units at $110 each Sold 20 units at $130 each Purchased 35 units at $125 each Print Done ting Gross profit A company had the following related to inventory during its first year of business: (Click the icon to view the sales and purchases.) The company uses a periodic inventory system. Complete the following in the determination of gross profit for each of the inventory costing methods. (1) Using FIFO inventory costing: Gross profit (11) Using LIFO inventory costing: Gross profit (1) Using weighted average inventory costing: (For calculations round cost per unit to the nearest cent. Round all other amounts to the nearest dolar) Gross profit
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