Exhibits 6.3, 6.4, and 6.5 in Chapter 6 present the financial results of the Arizona Ice Cream Company, Inc., using FIFO, LIFO, and the weighted-average cost method, respectively. Using this data, complete the following table for the company:

Under which inventory valuation method does the company’s performance appear most favorable? Using which inventory valuation method does the company’s performance appear least favorable?

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Inventory turnover Inventory-on-hand period. Gross margin percentage. FIFO LIFO Wt. Average