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You are provided with the following information for Windsor Ltd, for the month ended October 31, 2020. Windsor uses a periodic method for inventory. Calculate
You are provided with the following information for Windsor Ltd, for the month ended October 31, 2020. Windsor uses a periodic method for inventory. Calculate (i) ending inventory, (ii) cost of goods sold, (iii) gross profit, and (iv) gross profit rate under each of the following methods. (1) FIFO. (2) Average-cost. (Round Gross profit rate to 1 decimal piace, es. 21.5\% and all other answers to 0 decimal places, eg. 2,150. Round average unit cost to 3 decimal places, e.g. 25.167.)
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