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How do you find Gross Profit Rate? Calculate the gross profit rate under each of the following methods. 1. LIFO. 2. FIFO. 3. Average-cost. (Round

How do you find Gross Profit Rate?

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Calculate the gross profit rate under each of the following methods. 1. LIFO. 2. FIFO. 3. Average-cost. (Round answers to 1 decimal place, e.g. 51.2\%)

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