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Assume That Three Identical Units of Merchandise Were Purchased During

Question 120

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Assume that three identical units of merchandise were purchased during October,as follows:​​ Assume that three identical units of merchandise were purchased during October,as follows:​​ Assume one unit is sold on October 31 for $28.Determine cost of merchandise sold,gross profit,and ending inventory under the average cost method. Assume one unit is sold on October 31 for $28.Determine cost of merchandise sold,gross profit,and ending inventory under the average cost method.

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