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Business, 19.03.2020 06:48 Jasten

Hemming uses a periodic inventory system. Assume that ending inventory is consists of 45 units from the March 14 purchase, 85 units from the July 30 purchase, and all 185 units from the October 26 purchase. Using the specific identification method, calculate the (a) the cost of goods sold and (b) the gross profit.

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Hemming uses a periodic inventory system. Assume that ending inventory is consists of 45 units from...
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