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Iree's has the following current - year purchases and sales for its only product. The company uses a perpetual inventory system. Determine the costs assigned
Iree's has the following currentyear purchases and sales for its only product.
The company uses a perpetual inventory system. Determine the costs assigned to ending inventory and to cost of goods sold using a FIFO, b LIFO, and c weighted average. d Computer the gross profit for each method.
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