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Miniple croro 5sin90. sinsec 51050584 523,76074 Gladstone Company tracks the number of units purchased and sold throughout each accounting period but:applies its inventory costing method

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Miniple croro 5sin90. sinsec 51050584 523,76074 Gladstone Company tracks the number of units purchased and sold throughout each accounting period but:applies its inventory costing method at the end of each period, as if it uses a periodic inventory system, Assume its accounting reco provided the following information at the end of the annual accounting period, December 31 . Assuming that for Specific identification method (item 1d) the March 14 sale was selected two-fifths from the beginning inventory and three-fitths from the purchase of January 30. Required: 1. Compute the amount of goods available for sale, ending inventory, and cost of goods soid at December 31 under ea the following inventory costing methods: a. Last-in, first-out. b. Weighted average cost. c. First-in, first-out. d. Specific identification, assuming that the March 14 sale was selected two-fifths from the beginning inventory and fifths from the purchase of January 30. Assume that the sale of August 31 was selected from the remainder of the beginning inventory, with the balance from the purchase of May 1. 22-a. Of the four methods, which will result in the highest gross profit

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