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Three identical units of Item T4W are purchased during July, as shown below. Assume that one unit is sold on July 28 for $150. Determine

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Three identical units of Item T4W are purchased during July, as shown below. Assume that one unit is sold on July 28 for $150. Determine the gross profit for July and ending inventory on July 31 using the (a) first-in, first-out (FIFO); (b) last-in, first-out (LIFO); and (c) average cost methods

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