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Business, 05.11.2019 02:31 HecptyAura

Sheffield corp. had the following inventory transactions occur during 2022: units cost/unit feb. 1, 2022 purchase 114 $48 mar. 14, 2022 purchase 197 $50 may 1, 2022 purchase 140 $52 the company sold 324 units at $67 each and has a tax rate of 30%. assuming that a periodic inventory system is used, what is the company’s gross profit using lifo?

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