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LIFO. FIFO. AVERAGE-COST Ending Inventory. $ $ $ Cost of Goods Sold $ $ $ Gross Profit. $ $ $ You have the following information
LIFO. FIFO. AVERAGE-COST Ending Inventory. $ $ $ Cost of Goods Sold $ $ $ Gross Profit. $ $ $
You have the following information for Bramble Inc. for the month ended June 30, 2022. Bramble uses a periodic inventory system. Unit Cost or Selling Price Date Description Quantity June 1 Beginning inventory 40 $42 June 4 Purchase 135 45 June 10 Sale 110 72 June 11 Sale return 15 72 June 18 Purchase 55 48 June 18 Purchase return 10 48 June 25 Sale 65 78 June 28 Purchase 35 52Step by Step Solution
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