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January 1 Beginning inventory 6 4 5 units @ $ 4 5 . 0 0 per unit February 1 0 Purchase 4 9 0 units

January 1
Beginning inventory
645
units
@ $45.00 per unit
February 10
Purchase
490
units
@ $42.00 per unit
March 13
Purchase
245
units
@ $27.00 per unit
March 15
Sales
980
units
@ $75.00 per unit
August 21
Purchase
145
units
@ $50.00 per unit
September 5
Purchase
545
units
@ $46.00 per unit
September 10
Sales
690
units
@ $75.00 per unit
Totals
2,070
units
1,670
units
Compute gross profit earned by the company for each of the four costing methods.
Note: Round your average cost per unit to 2 decimal places. Round your final answers to the nearest whole dollar amount.
\table[[,FIFO,LIFO,\table[[Weighted],[Average]],\table[[Specific],[Identification]],,],[Sales,$,125,250,$,125,250,$,125,250,$,125,250],[Less: Cost of goods sold,,,,,,,,],[Gross profit,$,125,250,$,125,250,$,125,250,$,125,250]]
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