Question: Explain the four merchandise inventory methods. Prepare 4 charts using the four different inventory methods using the following transactions: Purchase 25 items at $10.00 Sell

Explain the four merchandise inventory methods.

Prepare 4 charts using the four different inventory methods using the following transactions:

Purchase 25 items at $10.00

Sell 10 items at $20.00

Purchase 15 items at $15.00

Sell 20 items at $20.00

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