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question home 2 compute new of goods sold decimal places inventory cost lifo and we 4284236

Question

Home 2 Compute New of goods sold decimal places) inventory, cost LIFO and we objective E6A-26 Comparing ending merchandise syst FIFO, inv pendix 6A rofit the periodic inventory periodic vento average methods shop completed the following OGS 899 Assume thar Coffee inventory: transactions for a line of merchandise Jun. 1 Beginning merchandise inventory 19 units 27 each 7 units 28 each 12 Purchase 11 units 39 each 20 Sale 14 units 29 each 24 Purchase 21 units 39 each 29 Sale Requirements and gross profit 1. Compute ending merchandise inventory, cost of goods sold, the FIFO inventory costing method. 2. Compute ending merchandise inventory, cost of goods sold, and gross profit the LIFO inventory costing method 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.)

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