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The transactions below are for Product A occurred during March: Date Product A Units Cost($) Mar. 2 Purchase 1 $ 68 Mar. 14 1 73

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The transactions below are for Product A occurred during March: Date Product A Units Cost($) Mar. 2 Purchase 1 $ 68 Mar. 14 1 73 Mar. 28 1 75 Mar. 30 Sale 118 A. The company uses the periodic method for accounting for inventory. Calculate the following (a) through (f): Cost of Ending Gross Profit Inventory FIFO (a) (b) LIFO (c) (d) WTD AVG (e) (f) B. Which method gives the highest income? C. Which method saves the most taxes

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