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ya Us (Click the icon to view the sales and purchases) The company uses a periodic inventory system More Info Complete the following in the

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ya Us (Click the icon to view the sales and purchases) The company uses a periodic inventory system More Info Complete the following in the determination of gross profit for each of the inventory costing methods Using FIFO inventory costing - Cost of goods sold Gross pront Net sales 10 200 January February 15 April 10 June 30 August 15 November Purchased 35 units at 595 each Sold 5 units at $170 each Sold 15 units at $170 each Purchased 50 units at $120 each Sold 40 units at $170 each Purchased 15 units 5125 each Using LIFO inventory costing Choose from any list or enter any number in the input fields and then click Check Answer Print Done (ii) Using LIFO inventory costing: Net sales Gross profit Cost of goods sold 236400 10200 - (Illy Using weighted-average inventory costing: (For calculations round cost per unit to the near Net sales Gross profit 1020/0 - Cost of goods sold 236400 =

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