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Kingbird Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company's inventory for the month of March: Kingbird Company uses
Kingbird Company sells discounted shoes to the fashion-oriented consumer. The following schedule relates to the company's inventory for the month of March: Kingbird Company uses the periodic inventory system. (a). (b) Calculate Kingbird Company's gross margin ratio using: (Round answers to 2 decimal places, e.g. 61.05\%.) i. FIFO ii. Weighted-average Which cost formula produced the higher gross margin ratio
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