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Fermento sells a wine it purchases from a local brewer. Femento stocked up on the wine throughout the year, preparing for a special milenium sales

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Fermento sells a wine it purchases from a local brewer. Femento stocked up on the wine throughout the year, preparing for a special milenium sales event in late December. On Januan 50 bottles for 522 each on Mar. 28 20 bottes for $29 each on Sep. 14 15 bottles for $30 each on Nov. 5 Fermento's sales were as follows 10 trom the beginning inventory 30 from the Mar, 28 purchase 17 trom the Sep. 14 purchase 13 trom the Nov. 5 purchaso All of the wine was sold for s\&4 per bothe. Assume Fermento uses LUFO for inventory casting. What was fermentos gross margn on the wine for the year? Assume Fermento uaes fiFO for imentory costing What was fermento's gross margn on the wine tor year? Which method would result n the greatest cash fow to Fermento, astuming inflation? (FFF or UFO) Please read all the way to the bottom of the feedback soction. porio or UFD) Fease read al the way to the botam of the foedoach

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