You have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent…
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You have the following information for Vincent Inc. for the month ended October 31, 2014. Vincent uses a periodic method for inventory. Calculate the weighted-average cost. (Round answer to 3 decimal places, e.g. 5.125.) Calculate ending inventory, cost of goods sold, gross profit under each of the following methods. (1) LIFO. (2) FIFO. (3) Average-cost. (Round answers to 0 decimal place, e.g. 125.)
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