You are provided with the following information for Guillaume Inc. for the month ended June 30, 2… Assignment Help

  

Show transcribed image text You are provided with the following information for Guillaume Inc. for the month ended June 30, 2012. Guillaume uses the periodic method for inventory. Instructions (a) Calculate (i) ending inventory, (ii) cost of goods sold, (iii)gross profit, and (iv) gross profit rate under each of the following methods. 1. LIFO. 2. FIFO. 3. Average-cost. (b) Compare results for the three cost flow assumptions.

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