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The beginning inventory of merchandise at Rhodes Co, and data on purchases and sales for...

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Finance

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The beginning inventory of merchandise at Rhodes Co, and data on purchases and sales for a three-month period ending June 30 are as follows: Required: 1. Determine the inventory on June 30 and the cost of merehandise sold for the three-month period, using the first-in, first-out method and the periodic inventory system. 2. Determine the inventory on June 30 and the cost of merchandise sold for the three-month period, using the last-in, first-out method and the periodic inventory system. 3. Determinek hie inventory on June 30 and the cost of merchandise sold for the three-month period; using the weighted average cost method and the periodic inventory sys final answers to the nearest dollar. Merchandise inventory, June 30 4. Compare the gross profit and June 30 inventories using the following column headings. Enter all amounts as positive numbers

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