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What are the steps to Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. ( 1 ) LIFO. (

What are the steps to
Calculate ending inventory, cost of goods sold, gross profit under each of the following methods.
(1) LIFO.
(2) FIFO.
(3) Average-cost.(Round per unit cost to 3 decimal places, e.g.15.647 and final answers to 0 decimal places, e.g.5,125.)
LIFO
The ending inventory
The cost of goods sold
Gross profit
FIFO
$
$
$
AVERAGE-COST
$
$
$
You have the following information for Sunland Inc. for the month ended October 31,2027. Sunland uses a periodic inventory system for inventory.
\table[[Date,Description,Units,\table[[Unit Cost or],[Selling Price]]],[Oct.1,Beginning inventory,58,$25
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