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Three identical units of merchandise were purchased during July, as follows: Assume one unit sells on July 28 for $31. Determine the gross profit, cost

image text in transcribed Three identical units of merchandise were purchased during July, as follows: Assume one unit sells on July 28 for $31. Determine the gross profit, cost of goods sold, and ending inventory on July 31 using (a) first-in, first-out, (b) last-in, first-out, and (c) average cost flow methods

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