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with the 30, 2019. Unit Cost or Selling Price 41 Description Beginning inventory Quantity June 1 $41 June 4 Purchase 137 45 June 10 Sale

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with the 30, 2019. Unit Cost or Selling Price 41 Description Beginning inventory Quantity June 1 $41 June 4 Purchase 137 45 June 10 Sale 108 73 June 11 Sale return 73 June 18 Purchase 47 June 18 Purchase return 12 47 June 25 Sale 78 June 28 Purchase 51 Calculate weighted-average cost per unit. (Round answer to 2 decimal places, e.g.5.25.) goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round average-cost m late ending inventory, cost of Calcul places, e.g. 1,250.25 and other answers to O decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for comput AVERAGE-COST FIFO LIFO The ending inventorys Caiculate enaing inventory, cost or booas soia, gross prorit unaer eacn or tne roilowing methoos. (() PIPO. (3) places, e.g. 1,250.25 and other answers to o decimal places, e.g. 1,250. Use weighted-average unit cost rounded to 2 decimal places for comput IFO The ending inventory The cost of goods sold s Gross profit Calculate gross pront rate under each of the following methods. (1) uro. (2) FIFO. (3) Average-cost. (Round answers to 1 decima,place, e.g. 51.2%.) Gross profit rate Compare the results for the three cost flow assumptions and answer the following questions. :) cost of goods sold and the rhighest gross profit. FIFO gives the ( highest prices, LIFO gives the Open Show Work Click if you would like to Show Work for this

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