given information: calulate ending inventory, cost of goods sold, gross profit for LIFO,...
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Accounting
given information:
calulate ending inventory, cost of goods sold, gross profit for LIFO, FIFO, and Average-cost
You have the following information for Van Gogh Inc. for the month ended October 31, 2022. Van Gogh uses a periodic method for inventory. Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round per unit cost to 3 decimal places, e.g. 15.647 and final answers to 0 decimal places, e.g. 5,125
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