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Exercise 17.7(Static) Effect of various inventory cost valuations on cost of goods sold. LO 17-1...

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Accounting

Exercise 17.7(Static) Effect of various inventory cost valuations on cost of goods sold. LO 17-1
Information about Woodville Company's inventory of one item follows. Assume that Woodville Company had sales of $778,275.00.
Compute the gross profit under Average cost method, FIFO method, and LIFO method.
Note: Do not round your intermediate calculations and round your final answers to 2 decimal places.
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