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Cost Flow Methods The following three identical units of Item PX2T are purchased during April:...

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Cost Flow Methods The following three identical units of Item PX2T are purchased during April: (57143units) Assume that one unit is sold on April 27 for $305. Determine the gross profit for April and ending inventory on April 30 using the (a) firstfirst-out (FIFO); (b) last-in, first-out (LIFO); and (c) weighted average cost method

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