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View the tutorial, then complete the worksheet, replacing the question marks below with formulas. Required: ( a ) Based on the information given below, calculate
View the tutorial, then complete the worksheet, replacing the question marks below with formulas.
Required:
a Based on the information given below, calculate Cost of Goods Sold and Ending Inventory using the FIFO method.
b Calculate Cost of Goods Sold and Ending Inventory using the LIFO method.
c Calculate Cost of Goods Sold and Ending Inventory using the Weighted Average Method.
d Calculate Gross Profit under all three methods.
Answers:
a FIFO
d Calculate gross profit
Sales revenue
Cost of goods sold
Gross profit
Please provide all answers in excel format cell refrences, equal signs, and all!
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