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please solve A and B Calculate the gross profit for the month of June using (1) FIFO and (2) average cost. (Round average final answers
please solve A and B
Calculate the gross profit for the month of June using (1) FIFO and (2) average cost. (Round average final answers to 2 decimal places, e.g. 1.25. Do not round intermediate calculations.) FIFO Average Cost Gross profit Riverbed Ltd. uses the perpetual inventory system and reports the following inventory transactions for the month of June: (a) Determine the cost of goods sold and the cost of the ending inventory using (1) FIFO and (2) Average cost. (Round average cost per unit and answers to 2 decimal places, e.g. 1.25.)Step by Step Solution
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