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Data Table Oct. 3 12 18 20 40 60 units @ $ units @ $ units @ $ 75 each 78 each 84 each Print
Data Table Oct. 3 12 18 20 40 60 units @ $ units @ $ units @ $ 75 each 78 each 84 each Print Print [ Done Done Assume that a company started October with 90 units of merchandise inventory that cost $70 each. During October, the company made the following purchases: 3 (Click the icon to view the purchases.) The company uses a periodic inventory system. Assume that a physical inventory count on October 31 indicates that 110 units are on hand. (For weighted average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) A) Calculate the cost of ending inventory, and cost of goods sold for October, using each inventory costing method. FIFO LIFO Weighted average Ending inventory Cost of goods sold (B) Assume that total sales revenue for October was $27,000. Calculate gross profit for October using each inventory costing method. FIFO Cost LIFO Cost Weighted average Gross profit
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