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31.A French company began operations in April 20X3. The following information details inventory purchases and sales for the fiscal first quarter: (EUR) 20X3 Units Purchased
31.A French company began operations in April 20X3. The following information details inventory purchases and sales for the fiscal first quarter: (EUR) 20X3 Units Purchased Cost Per Unit Units Sold Apr 800 1.4 450 May 500 1.6 600 Jun 350 1.8 400 Totals 1,650 1,450 If the company uses FIFO with a periodic inventory system and sells each unit for EUR 3.00, its gross profit for the quarter ending June 30 is closestto EUR _______: [Please enter a number X,XXX]
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