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For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average
For each of the following cost flow assumptions, calculate cost of goods sold, ending inventory, and gross profit. (1) LIFO. (2) FIFO. (3) Moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.502 and final answer to O decimal places, e.g. 1,250.) Cost of goods sold Ending inventory Gross profit +A +A LIFO FIFO 4852 $ 4852 2828 $ 2748 2746 +A 2746 Moving-average A A SA 4590 3090 3008
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