Cost Flow Methods The following three identical units of Item K113 are purchased...

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Accounting

image Cost Flow Methods The following three identical units of Item K113 are purchased during April: ($9483units) Assume that one unit is sold on April 27 for $414. Determine the gross profit for April and ending inventory on April 30 using the (a) first-in, first-out (FIFO); (b) last-i first-out (LIFO); and (c) weighted average cost method

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