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Current Attempt in Progress Bramble Inc. is a retailer using the periodic inventory system. All sales returns from customers result in the goods being returned

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Current Attempt in Progress Bramble Inc. is a retailer using the periodic inventory system. All sales returns from customers result in the goods being returned to inventory. (Assume that the inventory is not damaged.) Assume that there are no credit transactions; all amounts are settled in cash: You are provided with the following information for Bramble Inc. for the month of January. Your answer is correct. Calculate (i) cost of goods sold and (ii) ending inventory using FIFO. (Assume sales returns had a cost of $19 and purchase returns had a cost of $25.) (i) Cost of goods sold (ii) Ending inventory Q Your answer is incorrect. Calculate (i) cost of goods sold and (ii) ending inventory using Average. (Round average cost to 3 decimal ploces, es. 5.252 and round final answers to 2 decimal places, es 5.25.) (i) Cost of goods sold $ (ii) Ending inventory

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