Question: Referring to the data provided in E9 and using the perpetual inventory system, compute the cost of ending inventory , cost of goods sold, and

Referring to the data provided in E9 and using the perpetual inventory system, compute the cost of ending inventory, cost of goods sold, and gross margin. Use the average-cost, FIFO, and LIFO inventory costing methods. Explain the reasons for the differences in gross margin produced by the three methods. Round unit cost to cents and totals to dollars.

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