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You have the following information for Van Gogh Inc. for the month ended October 31, 2025. Van Gogh uses a periodic system for inventory.
You have the following information for Van Gogh Inc. for the month ended October 31, 2025. Van Gogh uses a periodic system for inventory. Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 60 $24 Oct. 9 Purchase 120 26 Oct. 11 Sale 100 Oct. 17 Purchase 100 32 35 27 Oct. 22 Sale Oct. 25 Purchase 28 60 40 70 Oct. 29 Sale 110 24 29 40 M T* + (b) Compare ending inventory, cost of goods sold, gross profit and gross profit rate results for the three cost flow assumptions. (LIFO, FIFO and Average-cost) BIUT III E E = MM
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