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The Dockside Shop had the following inventory data: (Click the icon to view the inventory data.) Read the requirements Requirement 1. Dockside need to know

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The Dockside Shop had the following inventory data: (Click the icon to view the inventory data.) Read the requirements Requirement 1. Dockside need to know the company's gross profit percentage and rate of inventory turnover for 2018 under (1) FIFO, and (2) LIFO. Begin by calculating the gross profit percentage. (Enter the percentage to the nearest tenth of a percent, XXS) FIFO b. LIFO Gross profit percentage 4 % 33% 0 Data Table 2017 2018 .$ 21,510 $ 30,490 9.000 20,480 Ending inventory at: FIFO Cost .... LIFO Cost Cost of goods sold at: FIFO Cost LIFO Cost Sales revenue $ 85,800 95,810 143,000 Enter any number in the edit fields and then click Check Answer Print Done

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