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Three Identical units of merchandise were purchased during July, as follows: Date Product Units Cost...

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Accounting

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Three Identical units of merchandise were purchased during July, as follows: Date Product Units Cost July 3 Purchase 1 $29.00 10 Purchase 1 32.00 24 Purchase 1 35.00 Total 2 596.00 Average cost per unit $32.00 Assume one unit sells on July 28 for $46,00 Determine the gross profit cost of merchandise sold, and ending inventory only 31 using the first first-out. () fast in het out, and (c) average cost flow methods Gross Profit Co of Merchandise Sold Ending Inventory 5) Prstenfest out le c) Average

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