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Part 1
Requirement 1. Prepare a partial income statement through gross profit under the average-cost,
FIFO, and LIFO methods. Round average cost per unit to two decimal places and all other
amounts to the nearest dollar.
Atlanta Aviation
Partial Income Statement
Year Ended July 31
Gross profit
Atlanta Aviation
Partial Income Statement
Year Ended July 31

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Question content area bottom Part 1 Requirement 1 Prepare a.pdf

  • 1. Question content area bottom Part 1 Requirement 1. Prepare a partial income statement through gross profit under the average-cost, FIFO, and LIFO methods. Round average cost per unit to two decimal places and all other amounts to the nearest dollar. Atlanta Aviation Partial Income Statement Year Ended July 31 Gross profit Atlanta Aviation Partial Income Statement Year Ended July 31