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Abiy's Apple Pies purchases pies from a supplier, which it then sells to customers. During the...

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Accounting

Abiy's Apple Pies purchases pies from a supplier, which it thensells to customers. During the year, it had the followinginformation related to its inventory:

Beginning Inventory120 units, purchased for $3 each.
Sale90 units, sold for $10 each
Purchase20 units, purchased for $4 each.
Purchase15 units, purchased for $5 each.
Sale25 units, sold for $11 each.

A. Using the information above, complete the following tablerelated to Abiy's Apple Pies. Assume Abiy's uses the periodicinventory method. Round your final answer to the nearest wholenumber.

FIFOLIFOAverage Cost
Cost of Goods Sold
Ending Inventory

B. Using the same information for Abiy's Apple Pies, completethe following table. Assume Abiy uses the perpetual inventorymethod.

FIFOLIFO
Cost of Goods Sold
Ending Inventory
Gross Profit

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