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EA 6. LO 10.2Akira Company had the following transactions for the month. Chart showing Beginning Inventory of 150 units at $1,500 per unit, Purchase of
EA 6. LO 10.2Akira Company had the following transactions for the month. Chart showing Beginning Inventory of 150 units at $1,500 per unit, Purchase of March 31 of 160 units at $1,920 each, Purchase of October 15 of 130 units at $1,950 each, Total Goods Available for Sale 440 units at $5,370 each, and ending inventory of 50 units at a cost of ? each. 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. first-in, first-out (FIFO) last-in, first-out (LIFO) weighted average (AVG)
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