Global imports provided the following information regarding its inventory for the current year, its second year of operations. (Click the icon to view the information) Global Imports has computed its ending inventory and cost of goods sold under the Moving-average, FIFO, and LIFO cost methods Global Imports uses (Chick the icon to view the Moving-average perpetual record.) (Click the icon to view the FIFO perpotual record) (Click the icon to view the LIFO perpetual record) Read the requirement Requirement a. Prepare a partial income statement up to the cost of goods sold section for each of the three cost-flow assumptions (imoving-avorago, Fi Select the labels and enter the amounts to complete the partial income statements under each cost-flow assumption Data table Data table Moving-average perpetual record LIFO perpetual record LIFO perpetual record FIFO perpetual record FIFO perpetual record For each of the three cost-flow assumptions (moving-average, FIFO, and LIFO methods) a. Prepare a partial income statement up to the cost of goods sold section b. Compute the gross profit percentage. c. Comment on the ranking of the gross profit percentages
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