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PLEASE SHOW STEPS You are provided with the following information for Larkspur Inc. for the month ended June 30, 2020. Larkspur uses the periodic method

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PLEASE SHOW STEPS

You are provided with the following information for Larkspur Inc. for the month ended June 30, 2020. Larkspur uses the periodic method for inventory. Date Description June 1 Beginning inventory June 4 Purchase June 10 Sale Unit Cost or Quantity Selling Price 45 $42 136 46 113 69 15 69 54 48 June 11 Sale return June 18 Purchase June 18 Purchase return June 25 Sale June 28 Purchase 12 48 68 74 35 52 Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO.(3) Average-cost. (Round average-cost method answers to 2 decimal places, e.g. 1,250.25 and other answers to 0 decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for computations.) LIFO FIFO AVERAGE-COST The ending inventory $ $ $ The cost of goods sold $ $ $ Gross profit $ $ $

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