Horchi Beginning intory 10 diamonds at a cost of 10 bordamond, March Purchased 200 diamonds at a cost of $350 each March Sold 180 dmonds for soco each. March 10 Purchased 330 diamonds at a cost of $375 each March 25 Sold 390 diamonds for $650 ch Assume that lowels antes the specific identification cost flow method IL) Demonstrate how Jewels en mal gross profit for the month by specifically selecting which diamonds to sell on March and March 25 To mite gross proft, dans should sell the diamonds with the cost (2) Demonstrate how Jewel Gems could mit grosset for the month by selecting with diamonds to selon March 5 and March 25 To miros sro, Jewels Gants should sell the diamonds with the cost Assume that we can use the cost flow assumtion woulste cost of goods sold. How much gross prait would the company report under this cost flow assumption cost of goods sold Crores prat Assume that Jowels Gomes uses the LIFO cost flow assumption. Cal cost of goods sold. How much gross profit would the company report under the cost o assumption Cost of goods sold 2:40 PM TO/ to Scarch 0 RI Joost To maximize gross profit, Jewel ons should sell the diamonds with the (2) Demonstre how wels Genis could wines gros prolor the month by selecting which demands to sel on March 5 and March 25 Tomic gross profil, lowed Gems should sol the diamonds with the Assume that Jewels Gems uses the FIFO cost flow assumption. Calculate cost of goods sold. How much gross profit would the company report under the cost o sumont Cost of goods sold 5 Gross prof Assume that Jewels Gems uses the LIFO cost flow assumption. Calculate cost of goods sold. How much gross profit would the company report under the cost how soon Cost of goods sold Gross profit Click if you would like to Show Work for this question: Show Work SAVE FOR LA SUBMIT ANSWER Question Attempts: 0 of 1 used PM A do 10/8/2008 0 search B Horchi Beginning intory 10 diamonds at a cost of 10 bordamond, March Purchased 200 diamonds at a cost of $350 each March Sold 180 dmonds for soco each. March 10 Purchased 330 diamonds at a cost of $375 each March 25 Sold 390 diamonds for $650 ch Assume that lowels antes the specific identification cost flow method IL) Demonstrate how Jewels en mal gross profit for the month by specifically selecting which diamonds to sell on March and March 25 To mite gross proft, dans should sell the diamonds with the cost (2) Demonstrate how Jewel Gems could mit grosset for the month by selecting with diamonds to selon March 5 and March 25 To miros sro, Jewels Gants should sell the diamonds with the cost Assume that we can use the cost flow assumtion woulste cost of goods sold. How much gross prait would the company report under this cost flow assumption cost of goods sold Crores prat Assume that Jowels Gomes uses the LIFO cost flow assumption. Cal cost of goods sold. How much gross profit would the company report under the cost o assumption Cost of goods sold 2:40 PM TO/ to Scarch 0 RI Joost To maximize gross profit, Jewel ons should sell the diamonds with the (2) Demonstre how wels Genis could wines gros prolor the month by selecting which demands to sel on March 5 and March 25 Tomic gross profil, lowed Gems should sol the diamonds with the Assume that Jewels Gems uses the FIFO cost flow assumption. Calculate cost of goods sold. How much gross profit would the company report under the cost o sumont Cost of goods sold 5 Gross prof Assume that Jewels Gems uses the LIFO cost flow assumption. Calculate cost of goods sold. How much gross profit would the company report under the cost how soon Cost of goods sold Gross profit Click if you would like to Show Work for this question: Show Work SAVE FOR LA SUBMIT ANSWER Question Attempts: 0 of 1 used PM A do 10/8/2008 0 search B