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A company's Inventory records report the following in November of the current year Beginning November 1 Purchase November 2 Purchase November 12 5 units $20

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A company's Inventory records report the following in November of the current year Beginning November 1 Purchase November 2 Purchase November 12 5 units $20 10 units e $22 6 units @ $25 On November 8, it sold 12 units for $54 each. Using the LIFO perpetua/inventory method, what amount of gross profit was earned from the 12 units sold? Multiple Choice $366 $577 $438 $260 $388

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