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EA 6. LO 10.2 Akira Company had the following transactions for the month. Calculate the gross margin for the period for each of the following
EA 6. LO 10.2 Akira Company had the following transactions for the month. Calculate the gross margin for the period for each of the following cost allocation methods, using periodic inventory updating. Assume that all units were sold for $25 each. Provide your calculations. A. first-in, first-out (FIFO) B. last-in, first-out (LIFO) C. weighted average (AVG)
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