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A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $ 5 9 ; Second purchase $ 6

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $59; Second purchase $69; Third purchase $66. If the company sold two units for a total of $204 and used FIFO costing, the gross profit for the period would be
$66.
$74.
$76.
$81
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