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8. A company just starting in business purchased three merchandise inventory items at the following prices: First purchase $600; Second purchase $750; Third purchase $840.

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8. A company just starting in business purchased three merchandise inventory items at the following prices: First purchase $600; Second purchase $750; Third purchase $840. If the company then sold one unit for a total of $1,390 and used LIFO costing, the gross profit for the period would be

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