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Mojo industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing Mojoindusties tacks the number of units

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Mojo industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing Mojoindusties tacks the number of units purchased and sold the end of each perioc, as if it uses a periodic inventory system. Assume its accounting records provided the following information at the end of the occounting period. Januacy 31 . The inventory's seiling perice is $8 per unit. Required: 1. Compute the amount of goods availeble for sale, ending inventory, and cost of goods sold at January 31 under each of the following inventory costing methods: 8. Weighted average cost. b. First-in, first-out. c. Last-in, fitst-out. d. Specific identification, assuming that the January 10 sale was from the beginning inventory and the January 17 sale was from the January 12 purchase. 2-a. Or the four methods, which will result in the highest gross profit? 2-b. Of the four methods, which will result in the lowest income toves? Complete this question by entering your answers in the tabs below. Compite the amount of goods ava lable for ssle, ending inventory, and cost of goods sold at January 31 under each of the Inventory costing methods. (Round your intermedlate caloulations to 2 decimal places and final answers to the nearest dollar amount.)

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