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(The following information applies to the questions displayed below.) Gregs Bicycle Shop has the following transactions rela
5. Calculate sales revenue and gross profit under each of the four methods. (Round weighted average cost amounts to 2 decimal
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Gregs Bicycle Shop Income Statement Sales revenue Cost of goods sold Gross Profit Calculation =(15*350)+(8*400)+(12*425) 13,Gregs Bicycle Shop Periodic Inventory System Inventory sheet - Specific Identification Date Decription Quantity Cost per uni

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