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Date Description Units Unit Cost or Selling Price Oct. 1 Beginning inventory 54 Oct. 9 Purchase 128 Oct. 11 Sale 104 Oct. 17
Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Ave
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* Average inventory Method OCH 1 - 54 xp 6 - OCM9 - 198 x $28 - 00447 - 108 * $29 - $1404 $3584 $3132 ora5- 45$31 - $ 2325 36* LDFO Method - Cost of goods - OCH25 - 15x $31 - 0014 - 108 x $29 - Octq - 88%$28 (271-183) - $ 2325 - $ 3132 - $2464 $ 7921LIFO ΓΥΡΟ | Average 82690 $ 2524 $2846 Ending inventau cost of goods sold Guoss profit $ 499) $7569 $+755 $1857 $2209 $2023

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