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Please Provide an explanation as well. Any help is greatly appreciated! ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch

image text in transcribedPlease Provide an explanation as well. Any help is greatly appreciated!

ACC 201, Sec 001, Spring 2020, Miller (1) Homework: Graded MAL HW #6 [Ch 6] Spr 2020 Score: 0 of 10 pts Instructor-created question 4 of 14 (0 complete) At the beginning of May a company had 70 crates of inventory with a total cost of $4,550. The company uses a perpetual inventory system. The following information is available for the month: E: (Click the icon to view the transactions.) Complete the following for the month. (For weighted average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) Gross profit is $ using the FIFO inventory costing method. Data Table - X Gross profit is $ using the LIFO inventory costing method. Brofit is Gross profit is $ using the weighted average inventory costing method. May 5 Purchase 13 Sale 18 Purchase 26 Sale 130 crates @ 140 crates @ 150 crates @ 160 crates @ $ $ $ $ 76 each 96 each 83 each 100 each Print Done

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