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neeraj 1 gyaan 1 Using FIFO method, calculate (i) cost of goods sold, (il) ending...

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Accounting

neeraj 1 gyaan 1

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Using FIFO method, calculate (i) cost of goods sold, (il) ending inventory, and (ill) gross profit. (Assume sales returns had a cost of $21 and purchase returns had a cost of $24.) Cost of goods sold 7.620 Ending Inventory 2.080 Gross Profit

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