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help please! The Tully shop had the following inventory data. (Cick the icon to vies the imventery data) Read the teguirements Requirement 1. Tully need
help please!
The Tully shop had the following inventory data. (Cick the icon to vies the imventery data) Read the teguirements Requirement 1. Tully need to know the company gross proft percentage and mate of imentory turnovor for 2021 undor (1) FIFO, and (2) LFO. Begin by caloulating the gross profit porcentage. (Enter the percentage to the nearest tenth of a percent, X%. Do not entar the \%s symbol in the input fieid.) Data table Requirements 1. Compary managen noed to know the company's gross proni percentage and tate of inventory turnover for 2021 under 1. FFO 2. LIFO. 2. Which method produces a higher gross protit percentage? A higher inventary tumover Step by Step Solution
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