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You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory. Date Description Units

You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory.

Date

Description

Units

Unit Cost or Selling Price

Oct. 1

Beginning inventory

64

$26

Oct. 9

Purchase

129

28

Oct. 11

Sale

107

38

Oct. 17

Purchase

107

29

Oct. 22

Sale

64

43

Oct. 25

Purchase

75

31

Oct. 29

Sale

118

43

Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 0 decimal place, e.g. 125.)

LIFO

FIFO

AVERAGE-COST

The ending inventory

$

$

$

The cost of goods sold

$

$

$

Gross profit

$

$

$

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