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A company has the following inventory transactions: Date Transaction Units Price/Unit March 1 Beginning Balance 200 $5 March 4 Purchase 125 $7 March 12 Sell
A company has the following inventory transactions: Date Transaction Units Price/Unit March 1 Beginning Balance 200 $5 March 4 Purchase 125 $7 March 12 Sell 250 $11 March 23 Purchase 100 $4 March 28 Sell 50 $11 % (Note: Enter numbers only; What is the company's Gross Profit Rate using FIFO in a periodic inventory system? no symbols, spaces, commas, etc. Round final answer to the nearest whole number.) Mark for Review What's This
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