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m/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false a Three identical units of merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase 1 $21.00
m/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator &inprogress=false a Three identical units of merchandise were purchased during July, as follows: Date Product T Units Cost July 3 Purchase 1 $21.00 10 Purchase 1 24.00 24 Purchase 1 27.00 Total 3 $72.00 Average cost per unit $24.00 Assume one unit sells on July 28 for $35.00. Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods. Cost of Goods Sold a) First-in, first-out Gross Profit Ending Inventory b) Last-in, first-out S c) Average S S S Email Instructor Subm
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