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A company purchased three inventory items at the following prices. 1st purchase $65; 2nd purchase $78; 3rd purchase $68. If the company sold one unit

A company purchased three inventory items at the following prices. 1st purchase $65; 2nd purchase $78; 3rd purchase $68. If the company sold one unit for a total of $100 and used FIFO costing, the gross profit for the period would be Select one: a. $22. b. $35. c. $65. d. $32.

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