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to be more A Data Table Jul. 12 40 units @ $ 80 each 60 units @ $ 82 each 40 units @ $ 94
to be more A Data Table Jul. 12 40 units @ $ 80 each 60 units @ $ 82 each 40 units @ $ 94 each = 18 Print | Done Assume that a company started July with 100 units of merchandise inventory that cost $78 each. During July, the company made the following purchases E: (Click the icon to view the purchases.) The company uses a periodic inventory system. Assume that a physical inventory count on July 31 indicates that 130 units are on hand. (For weighted-average calculations, round per unit costs to the nearest cent and all other amounts to the nearest dollar.) (A) Calculate the cost of ending inventory, and cost of goods sold for July, using each inventory costing method. Data Ta FIFO LIFO Weighted-average Jul. 3 Ending inventory Cost of goods sold (B) Assume that total sales revenue for July was $24,000. Calculate gross profit for July using each inventory costing method LIFO Cost Weighted average Gross profit
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