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Business, 28.11.2019 20:31 ramirez2184

Inventory information for great falls merchandising, inc. is provided below. sales for the period were 2,800 units at $10 each. the company uses a fifo periodic inventory system. date number of units unit cost total cost january 1 beginning inventory 1,000 $3.00 $3,000 january purchase 600 $3.50 $2,100 february purchase 800 $4.00 $3,200 march purchase 1,200 $4.25 $5,100 totals 3,600 $13,400 determine the gross profit for the quarter ended march 31. multiple choice $12,400 $12,600 $18,000 $22,400

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Inventory information for great falls merchandising, inc. is provided below. sales for the period we...
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