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Assume That Three Identical Units of Merchandise Are Purchased During

Question 26

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Assume that three identical units of merchandise are purchased during October,as follows:
Assume that three identical units of merchandise are 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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