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A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $58, Second purchase $77: Third purchase $74. If

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $58, Second purchase \$77: Third purchase \$74. If the company sold two units for a total of \$222 and used FiFO costing, the gross profit for the period would be $92. $87. $74. $85

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