Complete the following table,identifying the following as fixed,variable or mixed cost.
Definitions:
Gross Profit
The financial difference between sales and the cost of goods sold, indicating the efficiency of a company in managing its production and inventory.
Estimated Cost
An approximation of the monetary value required to complete a task, make a product, or provide a service.
Retail Method
A pricing and inventory assessment strategy used by retailers to calculate the value of inventory based on the retail price, adjusted for markdowns, returns, and discounts.
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