Question: Task 3: Shutterbug Cameras - Calculating Inventory Value - must show work by typing in how you found the amounts for full credit. Just entering

Task 3: Shutterbug Cameras - Calculating
Task 3: Shutterbug Cameras - Calculating Inventory Value - must show work by typing in how you found the amounts for full credit. Just entering the amount gets you partial credit. Using the four inventory costing methods, Shutterbug Cameras summarized the cost of its ending inventory as follows: Specific First-In, Last-In, Weighted Identification First-Out First-Out Average Cost $21,476.00 $21,581.40 $21,410.93 $21,447.36 Shutterbug Cameras also reported the following amounts: Net sales $53,874.92 Purchases available for sale 57,621.31 Instructions Using the above information, determine the cost of merchandise sold and the gross profit on sales for each of the inventory costing methods. Specific First-in- Last-in- Weighted ID First-Out First-Out Average Net Sales Cost of Merch Sold Gross Profit on Sales Which method resulted in the largest gross profit? entory....pdf image.png

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